alleryHow is market demand for a good obtained?
ABy halving one buyer's demand
BBy taking the top buyer's demand
CBy the seller's chosen price
DBy adding all individual demands
Answer & Solution
Correct answer: D. By adding all individual demands
Market demand is the sum of the quantities all buyers want at each price.
Keep practising Markets and Price Mechanisms
Browse all Markets and Price Mechanisms questions for CBSE Class 9, or explore more Social Science topics.
Related questions
A cheaper way to grow wheat raises supply at every price. What happens to the equilibrium If demand increases and the supply curve stays put, what happens to equilibrium price and In economics, what is a movement along a demand curve called?How can heavy rules and price controls hurt long-term output?Many permits for food safety, fire safety and pollution control burden which group most?The government fixes wheat at ₹20 per kg while the market price is ₹30. What may follow?Each family hopes others will pay for a park, so too little is raised. What follows?Why do private companies usually avoid providing public goods?