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With the help of a diagram show how a market demand curve can he obtained from individual demand curves. |
Answer» The individual curve represents the demand of an individual for a commodity at different prices whereas in a market there are several such consumers having different taste, preference and income. Therefore, the market demand actually represents the demand of all the individuals (consumers) present in the market. In nut shell, when combined all the individual demands. You will get the market demand curve. |
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