Q1. Define the term demand and illustrate its difference with desire.
Q2. Illustrate the law of demand with proper diagram and ex.
Q3. By considering the linear demand curve, deduce the intercept and slope.
Q4. Describe the idea of ‘direct’ and ‘indirect’ demand function.
Q5. Describe the crucial supposition which helps us to derive the market demand curve?
Q6. Differentiate between the changes in quantity demanded and change in demand.
Q7. Describe the idea of shift in demand.
Q8. Illustrate the differences between the changes in quantity demanded and change in demand.