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प्रश्न
The graphical representation of total demand in an economy y is a ______.
पर्याय
Individual demand curve
Market demand curve
Market demand schedule
Composite demand schedule
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उत्तर
The graphical representation of total demand in an economy y is a market demand curve.
Explanation:
The market demand curve is a graphical representation of total demand in an economy. It shows the relationship between the price of a good and the total quantity demanded by all consumers in the market at each price level.
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संबंधित प्रश्न
The relationship between income and demand for inferior goods is ______.
Complete the correlation:
______ : Microeconomics : : Aggregate demand : Macroeconomics.
If commodity X and Y are substitutes, increase in price of X will affect demand of Y how?
From the following data regarding individual demand schedules of households A, B and market demand schedule, what will be the values of (i) and (ii) (Assuming that there are only 2 households in the market).
| Price (in ₹) | Individual Demand (units) | Market demand (units) | ||
| A | B | C | ||
| 7 | (i) | 16 | 15 | 51 |
| 8 | 18 | 15 | (ii) | 46 |
| 9 | 16 | 12 | 11 | 39 |
| 10 | 13 | 10 | 9 | 32 |
What will be the values of (i) and (ii)?
| Price (in ₹) | Quantity Demanded by | Total Demand | ||
| A | B | C | ||
| 10 | 30 | (i) | 12 | 52 |
| 20 | 20 | 8 | 9 | 37 |
| 30 | 10 | 6 | (ii) | 22 |
Complete the following individual demand schedule.
| Price in (₹) | Quantity of sugar Demanded in Kgs |
| 5 | 20 |
| 6 | ______ |
| 7 | ______ |
| 8 | ______ |
| 9 | ______ |
What is a demand schedule?
How is the demand curve related to the demand schedule?
Why are individual and market demand schedules useful for businesses?
What distinguishes an individual demand schedule from a market demand schedule?
