Home
Class 11
ECONOMICS
Prepare a demand schedule of a normal go...

Prepare a demand schedule of a normal good. What relationship do yor observe in the schedule?

Promotional Banner

Topper's Solved these Questions

  • THEORY OF DEMAND

    RADHA BHUGANA|Exercise LONG ANSWER TYPE QUESTION|12 Videos
  • THEORY OF DEMAND

    RADHA BHUGANA|Exercise UNSOLVED NUMERICALS|7 Videos
  • THEORY OF DEMAND

    RADHA BHUGANA|Exercise VERY SHORT ANSWER|20 Videos
  • SIMPLE APPLICATIONS OF TOOLS OF DEMAND AND SUPPLY

    RADHA BHUGANA|Exercise Long answer|3 Videos
  • THEORY OF SUPPLY : LAW OF SUPPLY AND ELASTICITY OF SUPPLY

    RADHA BHUGANA|Exercise LET US RECAPITULATE|9 Videos

Similar Questions

Explore conceptually related problems

What do you mean by a normal good?

Three households A, B and C form the demand schedule for the market and that for household A and B determine the demadn schedule for C.

From the following data regarding individual demand schedules of households A, B and market demand schedule, prepare the demand schedule of household C, assuming that there are only three households in the market {:("Price Rs.",underset(bar("A B C"))("Individual Demand (units)"),"Market demand (units)"),(" 7","20 16 "-," 51"),(" 8","18 15 "-," 46"),(" 9","16 12 "-," 39"),(" 10","13 10 "-," 32"):}

Prepare the market demand schedule from the given demands of individuals. (Assuming that there are only three individuals X,Y and Z in the market) {:("Price Rs. Demand (X) Demand (Y) Demand (Z)"),(" 4 10 5 4"),(" 5 8 4 3"),(" 6 6 3 2"),(" 7 4 2 1"):}

Prepare a schedule showing TR, AR and MR of a firm who can sell more only by lowering the price. Take at least four output levels.

RADHA BHUGANA-THEORY OF DEMAND-SHORT ANSWERS TYPE
  1. "X" and "Y" are substitute goods. Explain the effect of a fall in the ...

    Text Solution

    |

  2. How will an increse in the price of coffee affect the demand for tea? ...

    Text Solution

    |

  3. Distinguish between individual demand and market demand of a good. Als...

    Text Solution

    |

  4. Distinguish between an inferior good and a normal good. Is a good whic...

    Text Solution

    |

  5. Distinguish between substitute goods and complementary goods. Give two...

    Text Solution

    |

  6. What is the relation between good X and good Y in each case, if with f...

    Text Solution

    |

  7. Distinguish between a change in quantity demanded and a change in dema...

    Text Solution

    |

  8. Why is the demand curve of a commodity negatively sloped? Explain.

    Text Solution

    |

  9. Prepare a demand schedule of a normal good. What relationship do yor o...

    Text Solution

    |

  10. Explain the meaning of change in quantity demanded. How does it affect...

    Text Solution

    |

  11. Explain the inverse relationship between price and quantity demanded o...

    Text Solution

    |

  12. Explain how rise in income of a consumer affects the demand of a good....

    Text Solution

    |

  13. Explain how the demand for a good is affected by the prices of its rel...

    Text Solution

    |

  14. How is the demand for a good affected by a rise in the prices of other...

    Text Solution

    |

  15. Give the meaning of "inferior" good and explain the same with the help...

    Text Solution

    |

  16. How does change in price of a substitute/complementary good affect the...

    Text Solution

    |

  17. What happens to the demand of a good when consumer's income changes? E...

    Text Solution

    |

  18. What is market demand for a good? Name the factors determining market ...

    Text Solution

    |

  19. Define demand. Name the factors affecting market demand.

    Text Solution

    |

  20. Distinguish between individual's demand and market demand. Name the fa...

    Text Solution

    |