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Given the Meaning of Market Demand. - CBSE (Arts) Class 12 - Economics

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Questions

Given the meaning of market demand.

What is market Demand?

Define market demand.

What is market demand for a good?

Solution 1

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

Solution 2

Market demand is the quantity demanded of a commodity by all the consumers at a given
price during a given period of time.

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Solution Given the Meaning of Market Demand. Concept: Market Demand.
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