Thursday, 29 April 2021

Individual and Aggregate Demand Curves for Social ends

Unit 1: Theoey of social goods 

Qustion no 3: 

A) Draw the individual and aggregate demand curves for a social end in order to determine equilibrium level of its output and individual contribution 

Individual Goods Demand reffered to Aggregate Demand.The supply of all individual goods and services as well combined and reffered to Aggregate Supply. In short Aggregate demand and supply for individual goods and services as well as aggregate demand and supply for an economy can be represented by a schedule we can understand these two concepts of aggregate demand curve and individual Demand curve with the help of diagrap and allobrate the all concepts of the individual and aggregate demand for social goods output or results what will be happen.

so for detail follow the below links i hope this can be make easy to understand for students of this question.


1: https://saylordotorg.github.io/text_economics-theory-through-applications/s08-02-individual-demand.html


2: https://www.cliffsnotes.com/study-guides/economics/aggregate-demand-and-aggregate-supply/aggregate-demand-ad-curve#:~:text=The%20aggregate%20demand%20curve%20represents,economy%20at%20different%20price%20levels.&text=The%20demand%20curve%20for%20an,that%20buyers'%20incomes%20remain%20constant.



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