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Distinguish between individual demand and market …

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Distinguish between individual demand and market demand with the help of diagram.

    • Posted by Nehal Bhardwaj 6 years, 3 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Sia ? 6 years, 3 months ago

    Individual demand refers to the quantity of a good that a consumer demands at a particular price in a given period of time.

    • Individual Demand Schedule
    Price of Ice-cream
    (Rs)    		 Quantity demanded (units) by (A)
     1 4
    2 3
    3 2
    4 1

    Market demand is the sum of different individuals demand at different price level at a particular period of time

    • Market Demand Schedule
    Price of Ice-cream
    (Rs)    		 A's Demand B's Demand Market demand (A+B)
    1 4 5 4 + 5 = 9
    2 3 4 3 + 4 = 7
    3 2 3 2 + 3 = 5
    4 1 2 1 + 2 = 3

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