Individual Demand refers to the quantity of a commodity that an individual consumer is willing and able to buy at each possible price during a given period of time.
Market Demand refers to the quantity of a commodity that all consumers are willing and able to buy, at each possible price during a given period of time.
Individual Demand Schedule
Price of ice-cream, (Rs.) |
Quantity Demanded (Units) |
1 |
4 |
2 |
3 |
3 |
2 |
4 |
1 |