NCERT Solutions Class 12 Economics Demand. NCERT book for Economics in class 12 is strongly recommened by teachers and the CBSE and NCERT boards. Please download the NCERT solutions for class 12 Economics free in PDF made by teachers of the best schools in India. These solutions are carefully compiled to give detailed understanding of the concepts and also steps of solutions. The NCERT solutions are free to download in pdf format. Please refer to the download link below to download the pdf file and also refer to other chapters and subjects to get the solutions to Economics NCERT book questions and exercises.
Chapter - Demand
Question 1. Suppose there are two consumers in the market for a good and their demand functions are as follows:D1 (P)=20-p for any price than less 20, and D1 (P)=0 at any price greater than or equal to 20. D2 (P)=30-2p for any price less than 15 and at any price greater than or equal to 15. D1 (P)=0 Find out the market demand function. [3-4 Marks]
Answer: It can be seen from the given demand functions that Consumer 1 do not want to demand the goods for any price greater than or equal Rs.20 and consumer 2 do not want to demand the goods for any price greater than Rs 15.
Hence, the market demand function will be,
Question 2. Suppose there are 20 consumers for a good and they have identical demand function?
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