Distinguish between individual demand and market demand with the help of diagram.
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Individual demand refers to the quantity of a good that a consumer demands at a particular price in a given period of time.\tIndividual Demand Schedule\tPrice of Ice-cream (Rs)Quantity demanded (units) by (A)\xa014233241\tMarket demand is the sum of different individuals demand at different price level at a particular period of time\tMarket Demand Schedule\tPrice of Ice-cream (Rs)A\’s DemandB\’s DemandMarket demand (A+B)1454 + 5 = 92343 + 4 = 73232 + 3 = 54121 + 2 = 3\t