Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsDemand2 Marks
Question
What is market demand?
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Answer
the market demand curve is delivered from the summation of the individual demands. The concept of market demand is more important than the concept of individual demand economics.
The market demand curve is negatively sloped which shows the inverse relationship between price and demand.
In short, the summation of individual demand at different prices gives the market demand curve.
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