Individual demand curve and market demand curve meaning
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Heya....
Individual demand curve...
It is the curve showing that what the particular consumer is willing to buy the no of quantities in response to existing prices....
Market demand curve...
It is the curve showing the no of quantities all the consumer is willing to purchase of a commodity at given prices... It is the horizontal summation of individual demand curve...
-- Be Brainly....
Individual demand curve...
It is the curve showing that what the particular consumer is willing to buy the no of quantities in response to existing prices....
Market demand curve...
It is the curve showing the no of quantities all the consumer is willing to purchase of a commodity at given prices... It is the horizontal summation of individual demand curve...
-- Be Brainly....
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The market demand curve is made up of all the individual demand curves for a good. In general, the higher the price of an item, the less an individual consumer will buy. Microeconomics is concerned with smaller-scale individual consumer behavior.
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