Answer to Question #114016 in Microeconomics for Chioma

Question #114016
Using appropriate tables and diagrams,distinguish clearly between demand, individual demand schedule and demand curve, and market demand schedule and market demand curve
1
Expert's answer
2020-05-08T14:43:39-0400

Demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given period of time.

Individual demand schedule is a set of prices and corresponding quantities demanded for particular consumer.

Demand curve is a graphical representation of the demand using the demand schedule.

Market demand schedule and curve are the same definitions as above but for all the consumers of the market.


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS