Question

Observe the given table and answer the questions:

Quantity demanded
Price Per Kg in ₹	Consumer A	Consumer B	Consumer C	Market Demand (in Kg) (A + B + C)
35	5	10	15	______
30	10	15	20	______
25	15	20	25	______
20	20	25	30	______

1. Complete market demand schedule.
2. Draw market demand curve based on above market demand schedule.

Answer 1

a.

Quantity demanded
Price Per Kg in ₹	Consumer A	Consumer B	Consumer C	Market Demand (in Kg) (A + B + C)
35	5	10	15	30
30	10	15	20	45
25	15	20	25	60
20	20	25	30	75

b. Market demand curve based on the market demand schedule: