Market Demand

Market Demand

1. It refers to the total quantity of a commodity purchased at different prices by all consumers together in the market at a given time and place.

2. Market demand can be presented with the help of ‘Market demand schedule, and ‘market demand curve’

3. Factors affecting market demand are: - Size and growth of population , composition of the population –age structure and sex ratio, etc

4. It is broader in scope as it includes all individual demand.

Market demand

Market demand is aggregate of all quantities purchased by all buyers of a commodity at different prices during a given period of time. Since there are numerous consumers of a commodity, market demand is the total of all individual demand. 

Market Demand.

Ans.

i. Market Demand refers to the total quantity of a commodity purchased at different prices by all consumers together in the market at a given time and place.

ii. Market demand can be presented with the help of ‘Market demand schedule, and ‘market demand curve’.

iii. It is broader in scope as it includes all individual demand.