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Shyam, Sita, Renu, Ahmed and John are five consumers of apples. Their demand for apples is given below. Derive the market demand schedule for apples.
| Price per Kg. (In ₹) | Quantity Demanded (Apples) in Kg. | ||||
| Shyam | Sita | Renu | Ahmed | John | |
| 25.00 | 16 | 15 | 12 | 14 | 18 |
| 30.00 | 12 | 11 | 10 | 8 | 15 |
| 35.00 | 10 | 9 | 8 | 6 | 12 |
| 40.00 | 8 | 6 | 4 | 2 | 8 |
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Complete the following individual demand schedule.
| Price in (₹) | Quantity of sugar Demanded in Kgs |
| 5 | 20 |
| 6 | ______ |
| 7 | ______ |
| 8 | ______ |
| 9 | ______ |
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Explain briefly the factors which influence individual demand for a commodity.
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Define individual demand.
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What is a demand schedule?
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A relatively inelastic supply curve implies ______.
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What is meant by perfectly elastic supply?
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Which of the following used in the production of textile by a firm would be classfied as land in economics?
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What is the difference between land and capital?
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Why is labour an important factor of production?
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Explain any two factors that affect the price elasticity of demand. Give suitable examples.
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Use of high yielding variety of seeds of related to productivity of ______.
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Which factor of production is not a hired factor?
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The reward of an entrepreneur is in the nature of ______.
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Which of the following types of capital gets exhausted after its use and gets embodied in the finished product?
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Discuss any two features of a monopolistically competitive market.
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Mention two differences between an entrepreneur and other factors of production.
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What do you mean by 'innovative ability' of an entrepreneur?
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Define Discriminating Monopoly.
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Explain complex division of labour with the help of an example.
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