Advertisements
Advertisements
प्रश्न
Construct a demand schedule showing relationship between price and quantity demanded.
Advertisements
उत्तर
Hypothetical Individual Demand Schedule
| Price (in ₹) | Quantity demanded (in units) |
| 5 | 1 |
| 4 | 2 |
| 3 | 3 |
| 2 | 4 |
| 1 | 5 |
Individual demand curve DD is according to individual demand schedule.
APPEARS IN
संबंधित प्रश्न
Explain the role of the following in correcting ‘excess demand’ in an economy:
(i) Bank rate.
(ii) Open market operations.
Observe the following table and answer the following questions:
| Quantity demanded | ||||
| Price per kg. in ₹ | Consumer A |
Consumer B |
Consumer C |
Market demand (in kgs) (A + B + C) |
| 25 | 16 | 15 | 12 | ______ |
| 30 | 12 | 11 | 10 | ______ |
| 35 | 10 | 09 | 08 | ______ |
| 40 | 08 | 06 | 04 | ______ |
- Complete the market demand schedule.
- Draw market demand curves based on the above market demand schedule.
State with reasons whether you agree or disagree with the following statements:
When price of Giffen goods fall, the demand for it increases.
Prepare a hypothetical market demand schedule and draw a market demand curve based on it.
Identify the most efficient student:
| Name of the student |
No. of projects completed |
Quality of projects | Time taken (in days) |
| P | 5 | Average | 4 |
| Q | 5 | Very good | 4 |
| R | 5 | Very good | 7 |
| S | 6 | Poor | 3 |
Demand schedule is a list of prices and quantities.
Explain briefly the factors which influence individual demand for a commodity.
What does a demand schedule show?
Why are individual and market demand schedules useful for businesses?
What distinguishes an individual demand schedule from a market demand schedule?
