Elementary Theory of Demand — Economics STD 10 — Question
ICSE BoardEnglish MediumSTD 10EconomicsElementary Theory of Demand2 Marks
Question
Differentiate between individual demand schedule and market demand schedule.
✓
Answer
Individual demand refers to the quantity of the commondity that all the individual household is willing to buy at different prices in a given period of time Market demand refers to the total quantity of the commodity that all the individual households in the market are willing to buy at different prices in a given period of time
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