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प्रश्न
Prepare a hypothetical market demand schedule and draw a market demand curve based on it.
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उत्तर
Market Demand schedule:
| Price of Sugar (Rs.) | Demand by Consumer A (kg) | Demand by Consumer B (kg) | Demand by Consumer C (kg) | Market Demand |
| 30 | 1 | 2 | 3 | 6 |
| 29 | 2 | 3 | 4 | 9 |
| 28 | 3 | 4 | 5 | 12 |
| 27 | 4 | 5 | 6 | 15 |
| 26 | 5 | 6 | 7 | 18 |
APPEARS IN
संबंधित प्रश्न
Draw a demand curve with the help of a hypothetical individual demand schedule.
The relationship between income and demand for inferior goods is ______.
Identify and explain the concept from the given illustration:
Deepak decided to count how many times he had to travel by train in a period of one month.
Study the following table and answer the questions:
| Price of Chocolate (₹) | Quantity Demanded | Market Demand | ||
| Consumer A | Consumer B | Consumer C | (A + B + C) | |
| 50 | 4 | 9 | 20 | 33 |
| 100 | 3 | `square` | 15 | 26 |
| 150 | `square` | 7 | 10 | 19 |
| 200 | 1 | 6 | 5 | `square` |
| 250 | 0 | 5 | `square` | 5 |
Questions:
- Complete the above table.
- State whether the following statements are True or False:
(a) As the price rises from ₹50 to ₹250, market demand falls from 33 to 5. This fall in market demand is known as the decrease in demand.
(b) There is an inverse relationship between price and market demand.
From the following data regarding individual demand schedules of households A, B and market demand schedule, what will be the values of (i) and (ii) (Assuming that there are only 2 households in the market).
| Price (in ₹) | Individual Demand (units) | Market demand (units) | ||
| A | B | C | ||
| 7 | (i) | 16 | 15 | 51 |
| 8 | 18 | 15 | (ii) | 46 |
| 9 | 16 | 12 | 11 | 39 |
| 10 | 13 | 10 | 9 | 32 |
What will be the values of (i) and (ii)?
| Price (in ₹) | Quantity Demanded by | Total Demand | ||
| A | B | C | ||
| 10 | 30 | (i) | 12 | 52 |
| 20 | 20 | 8 | 9 | 37 |
| 30 | 10 | 6 | (ii) | 22 |
From the given demand schedule, what will be the effect on demand curve.
| Price in (₹) | Demand (units) |
| 20 | 100 |
| 20 | 70 |
Explain briefly the factors which influence individual demand for a commodity.
What does a demand schedule show?
How is the demand curve related to the demand schedule?
