Individual demand refers to the quantity demanded by_____ .

a society

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a family

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the nation

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none of the above

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Solution

The correct option is C a family
Individual demand is the demand of an individual or a firm. It is a demand that a single consumer would buy at specific price in a specific market place. Hence, individual demand refers to the quantity demanded by a family.

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Similar questions

Individual demand refers to the quantity of the commodity that a consumer is able and willing to buy at each possible price during a given period of time.

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Individual demand refers to the quantity demanded by_____ .

The correct option is C a familyIndividual demand is the demand of an individual or a firm. It is a demand that a single consumer would buy at specific price in a specific market place. Hence, individual demand refers to the quantity demanded by a family.

The correct option is C a family
Individual demand is the demand of an individual or a firm. It is a demand that a single consumer would buy at specific price in a specific market place. Hence, individual demand refers to the quantity demanded by a family.