Question

Differentiate between individual and market demand curve

30 Sep 2022
Answer :
Word Count : 439

 Individual  demand curve

A curve that shows various quantities of demand for a commodity by a consumer or by a particular household at various prices is known as the individual demand curve. It is the graphical illustration of a person or individual demand schedule. The following table shows the individual demand schedule and the corresponding graph shows the individual demand curve.

Price of Apples (in Rs.) Quantity Demand (in kg)
20 45
40 30
60 15

Individual Demand Schedule

The graphical representation of the above demand schedule gives the individual demand curve.

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