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Individual demand is the demand of one individual consumer in the market for a good or service.
Market demand is the total combined demand of all consumers in the market for a good or service.
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∙ 13y ago
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Is individual demand curve and market demand curve same for identical consumers?
NO
What is the difference between individual demand curve and market demand?
The market demand gives the total quantity demanded by all consumers. The individual demand is the demand of one individual or firm.
The horizontal sum of all individual demand curves is known as?
The MArket Demand Curve
What BEST describes the market demand for a particular product good?
The sum of all the individual demands for a particular good determines the market demand for the good.
In a market system what determines how many goods and services an individual can buy?
The Price,Supply, and Demand.
Is individual demand curve and market demand curve same for identical consumers?
NO
What is the difference between individual demands and markets demands?
The market demand gives the total quantity demanded by all consumers. The individual demand is the demand of one individual or firm.
What is the difference between individual demand curve and market demand?
The market demand gives the total quantity demanded by all consumers. The individual demand is the demand of one individual or firm.
The horizontal sum of all individual demand curves is known as?
The MArket Demand Curve
What BEST describes the market demand for a particular product good?
The sum of all the individual demands for a particular good determines the market demand for the good.
In a market system what determines how many goods and services an individual can buy?
The Price,Supply, and Demand.
In today's market, is there much demand for a condo for rent?
Condo's are rarely rented except by their individual owners. The demand for housing is recovering, but prices are not. This of course is described as a buyer's market since the seller has little leverage.
What the primary difference between aggregate demand curve and individual demand curve?
aggregate demand curve is the total sum of all the individual demand curves while individual demand curve is the demand made by the single individual.
When a product is in demand what happens to the demand curve?
the market demand for the product. undefined. more inelastic than the market demand for the product. more elastic than the market demand for the product
What is individual demand schedule?
individual demand schedule is list of a individual person ready to buy in various level price is called individual demand schedule
What is industry demand?
it means the market demand.
What is the shape of the market demand curve?
Usually market demand curves are downward sloping.
