Market Demand

Market demand
Market demand composes of the sum of the demand made by all the people in market. Suppose there are only 2 consumers in the market A and B. So,
Market Demand = Demand by A + Demand by B

Market demand can be explained with the following table and curves.

· The Market Demand curve is the sum of demands of all the consumers in the market.

· Market demand curve follows a negative relation with the price.





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2 comments:

Anonymous said...

For the plot of market demand from A+B, the axis data for Price and Market demand are put the opposite. It should be the axis Price in range "0-7", while Market demand represent the sum "0-11".

Sharmini Selvarajah said...

Very useful to as a learning guide thanks (sharmini) from - Srilanka