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Indivdual demand means, every individual consumer choice. it means what he\she wants they will go to purchase that commodity, this activity be comes in economics inkividual demand
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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.
What is individual demand and market demand?
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.
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
Intuitive derivation of individual demand curve using marginal utility?
how is a demand curve derived from individual demand curve ?
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.
Is individual demand curve and market demand curve same for identical consumers?
NO
Definition of individual demand?
All the possible combinations of price and quantity of a good or service that an individual would desire based on his/her view of the utility gained from the consumption of this good or service
The horizontal sum of all individual demand curves is known as?
The MArket Demand Curve
What is the derivation of an individual demand curve?
income
How does an increase in a products price affect demand for the demand for the product's complements?
It can affect demand because of individual low income earner.
Why do you think knowledge of demand would be useful to an individual in business?
Knowledge of a demand would be useful to an individual like yourself because that knowledge will allow you to meet the demand. If you are not sure what a person demands, you are unable to fulfill the demand.
