Market demand is aggregation of individual demand

Vertically

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Horizontally

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Both (a) and (b)

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None

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Solution

The correct option is B
Horizontally

Market demand is aggregation of individual horizontal demand curves.

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Similar questions

Q. Demand schedule for commodity -

X

of individual

A

and

B

is given in the following table. Derive the market demand schedule and market demand curve.

Price of Commodity - $X (R s .)$	Demand of $A$ (Units)	Demand of $B$ (Units)
$1$ $2$ $3$ $4$ $5$	$9$ $7$ $6$ $4$ $3$	$7$ $6$ $5$ $4$ $3$

A. All levels of demand, whether individual, aggregate, local, national or international are subject to change.
B. At the same time, science and technology add new dimensions to products, their uses, and the methods used to market them.
C. Aggregate demand fluctuates with changes in the level of business activity, GNP, and national income.
D. The demands of individuals tend to vary with changing needs and rising income.

Q. Individual demand is a concept related to microeconomics, while market demand is a concept related to macroeconomics.

Q. Derive market demand schedule of the individuals Rahul, Rohan and Rohit.

Price (Rupees)	Demand of Rahul (Units)	Demand of Rohan (Units)	Demand of Rohit (Units)
1	7	10	12
2	6	8	9
3	5	6	7
4	4	4	5
5	3	2	3

Q. Distinguish between:

1. Desire and demand

2. Increase in demand and decrease in demand

3. Individual demand and market demand

4. Inferior goods and superior goods

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Market demand is aggregation of individual demand

The correct option is B Horizontally Market demand is aggregation of individual horizontal demand curves.

The correct option is B
Horizontally

Market demand is aggregation of individual horizontal demand curves.