a-1, b-2
a-2, b-1
Both are incorrect
Both are correct
Answer is Right!
Answer is Wrong!
The correct answer is: A. a-1, b-2
- Individual demand is the demand for a good or service by an individual consumer. It is represented by a downward-sloping demand curve, which shows that consumers are willing to buy more of a good or service at lower prices.
- Market demand is the total demand for a good or service by all consumers in a market. It is obtained by horizontally summing the individual demand curves of all consumers in the market.
In the question, List-I gives the definition of individual demand, while List-II gives the definition of market demand. Therefore, the correct answer is a-1, b-2.