Demand

Market Demand is the aggregate of all the Individual Demand.

• True

• False

Demand Schedule is the __________ statement showing various quantities being demanded at various levels of price, during a given period of time.

Individual and market demand, both follows the Law of Demand.

• True

• False

Law of Demand shows the direct relationship between the price and quantity demanded.

• Defend

• Refute

Find the missing value.

• 12

• 15

• 14

• 05

"People Buy more Ice-creams during summer than winter season." Identify the change.

• Change in quantity demand

• Change in demand

Ink pen and ball pen are :-

• Complementary

• Substitutes

Key and key-ring are:

• Complementary

• Substitutes

Factors affecting Demand is/are:

• Price of commodity

• Price of related goods

• Income of Consumer

• Change in Technology during production

Demand and want are identical terms.

• True

• False