Question

Explain with the help of appropriate
schedules and diagrams, how market
demand curve can be obtained from
individual demand schedules.​

Answer 1

Answer:

The individual curve represents the demand of an individual for a commodity at different prices whereas in a market there are several such consumers having different taste, preference and income. Therefore, the market demand actually represents the demand of all the individuals (consumers) present in the market. In nut shell, when combined all the individual demands. You will get the market demand curve.

Explanation:

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Answer 2

Explanation:

The individual curve represents the demand of an individual for a commodity at different prices whereas in a market there are several such consumers having different taste, preference and income. Therefore, the market demand actually represents the demand of all the individuals (consumers) present in the market. In nut shell, when combined all the individual demands. You will get the market demand curve.