MARKET DEMAND SCHEDULE

 Market Demand Schedule
Market demand is defined as the sum of individual demands for a product at a price per unit of time. In other words,it is the total quantity that all consumers of  a commodity are willing to buy per unit of time at a given price, all other things remaining  constant.When we add up the various quantities demanded by diuerent consumers in the market, we can obtain the market demand schedule. How the summation is done is illustrated in Table 2. Suppose there are only three individual buyers of the goods in the market namely, P,Q and R. The Table 2 shows their individual demands at various prices.
                                            Table 2: Market Demand Schedule

		Quantity dema	nded by
Price (`)	P	Q	R	Total Market Demand
5	10	8	12	30
4	15	12	18	45
3	20	17	23	60
2	35	25	40	100
1	60	35	45	140

When we add the quantities demanded at each price by consumers P, Q and R, we get the total market demand. Thus, when price is ` 5 per unit, the market demand for commodity ‘X’ is 30 units (i.e. 10+8+12). When price falls to ` 4, the market demand is 45 units. At ` 1, 140 units are demanded in the market. The market demand schedule also indicates inverse relationship between price and quantity demanded of ‘X’.

Goods and Service Tax Book (Updated upto 20th January 2018)

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GST (Goods and Services Tax) Book -A student friendly Book. - Bharat Gurukul

GST Student friendly Book most relevant/Useful for CA Intermediate/IPCC, CS executive , CWA Intermediate