Theory of Demand !! Demand schedule and Curve !! Slope of Demand Curve !! मांग का सिद्धांत

Free Notes Download Link - t.me/jhansi_in... Hello Students, In today's class we will discuss all these points :-
00:25 Theory of Demand
01:12 Demand Meaning
03:12 Demand and Quantity demanded
07:51 Demand Schedule
13:42 Demand Curve
16:40 Slope of Demand Curve
New Session 2022 -2023 Economics According to new CBSE Syllabus, Microeconomics Chapter 5 Theory of Demand Topic Theory of Demand Demand Meaning, Demand and Quantity demanded, Demand Schedule, Demand Curve, Slope of Demand Curve
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THEORY OF DEMAND
Chapter 5
SESSION 2022-23
Concept of Demand
DEMAND SCHEDULE AND DEMAND CURVE
Speaker- Pankaj Raikwar
CONCEPT OF DEMAND
Demand for a Commodity is the Desire to Buy a Commodity backed with Sufficient Purchasing Power and the Willingness to spend.
Demand and Quantity Demanded
Demand refers to different possible quantities of a Commodity that the Consumer is ready to Buy at different possible prices of that Commodity.
Quantity Demanded refers to a specific quantity to be purchased against a specific price of the Commodity
DEMAND SCHEDULE
Demand schedule is a table showing different quantities of a commodity to be purchased at different prices of that commodity.
According to Samuelson, "The table relating to price and quantity demanded is called the demand schedule." Concept of demand schedule includes:
(1) Individual Demand Schedule, and
(2) Market Demand Schedule.
(l) Individual Demand Schedule
Individual Demand Schedule is a table showing different quantities of a Commodity that one Particular Buyer in the market is ready to buy at different possible prices of the Commodity at a Point of time.
(2) Market Demand Schedule
Market Demand Schedule is a table showing different quantities of a Commodity that all the Buyer in the market is ready to buy at different possible prices of the Commodity at a Point of time.
DEMAND CURVE AND ITS SLOPE
Demand curve is a graphic presentation of demand schedule expressing the relationship between different quantities of a commodity at different possible prices. Like demand schedule, concept of demand curve includes:
(1) Individual Demand Curve, and
(2) Market Demand Curve.
(l) Individual Demand Curve
Individual demand curve is a curve showing different quantities of a commodity that one particular buyer is ready to buy at different possible prices of the commodity at a point of time.
(2) Market Demand Curve
Market demand curve is the horizontal summation of the individual demand curves. It shows various quantities of a commodity that all the buyers in the market are ready to buy at different possible prices of the commodity at a point of time.
Demand curve normally slopes downward, indicating negative (or inverse) relationship between price of a commodity and its quantity demanded.
Slope of demand curve is estimated as (-)
It shows the ratio AQ between change in price corresponding to a unit change in quantity demanded of a commodity.
Negative sign indicates the inverse relationship between price and quantity demanded of a commodity. In, a straight line demand curve (dd') is drawn, indicating a linear demand function.
Slope of Demand Curve
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🎉

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Sir apke today thoughts is amazing aut me har video me apke ye thoughts padhe bina nahi jaat, I like it very much

[@manojpandey5050]

excellent sir........

[@sahilpreetsingh5888]

.

[@deepshikhasinghaniya5796]

Sir demand wale chapter ki baki video kab aayegi

[@jstslay_]

itna karne se nahi chalega?

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