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Question
The graphical representation of total demand in an economy y is a ______.
Options
Individual demand curve
Market demand curve
Market demand schedule
Composite demand schedule
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Solution
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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RELATED QUESTIONS
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| Quantity demanded | ||||
| Price per kg. in ₹ | Consumer A |
Consumer B |
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| 25 | 16 | 15 | 12 | ______ |
| 30 | 12 | 11 | 10 | ______ |
| 35 | 10 | 09 | 08 | ______ |
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| 200 | 1 | 6 | 5 | `square` |
| 250 | 0 | 5 | `square` | 5 |
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