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in Economics by (106k points)

Distinguish between individual demand and market demand with the help of a schedule.

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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

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