Advertisement Remove all ads

Distinguish Between Individuals Demand and Market Demand. - Economics

Advertisement Remove all ads
Advertisement Remove all ads
Advertisement Remove all ads

Distinguish between individuals demand and market demand.

Advertisement Remove all ads

Solution

Individual demand: The demand curve represents the maximum quantities per unit of time which consumers will consume at various prices.

Market Demand: Market demand curve is the horizontal summation of the individual demand curves. It indicates various quantities of a good which all consumers in the market are willing to buy at different possible prices of a good at a point of time.

Concept: Demand Curve and Its Slope
  Is there an error in this question or solution?
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×