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प्रश्न
Shyam, Sita, Renu, Ahmed and John are five consumers of apples. Their demand for apples is given below. Derive the market demand schedule for apples.
| Price per Kg. (In ₹) | Quantity Demanded (Apples) in Kg. | ||||
| Shyam | Sita | Renu | Ahmed | John | |
| 25.00 | 16 | 15 | 12 | 14 | 18 |
| 30.00 | 12 | 11 | 10 | 8 | 15 |
| 35.00 | 10 | 9 | 8 | 6 | 12 |
| 40.00 | 8 | 6 | 4 | 2 | 8 |
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उत्तर
To derive the market demand schedule for apples, you sum the quantity demanded by all five consumers (Shyam, Sita, Renu, Ahmed, and John) at each price level. Here’s the step-by-step calculation based on the data provided:
1) At ₹25 per Kg:
Total Market Demand = 16 + 15 + 12 + 14 + 18 = 75 Kg
2) At ₹30 per Kg:
Total Market Demand = 12 + 11 + 10 + 8 + 15 = 56 Kg
3) At ₹35 per Kg:
Total Market Demand = 10 + 9 + 8 + 6 + 12 = 45 Kg
4) At ₹40 per Kg:
Total Market Demand = 8 + 6 + 4 + 2 + 8 = 28 Kg
The market demand schedule, which you provided as a hint, matches the calculated totals:
- At ₹25 per Kg: 75 Kg
- At ₹30 per Kg: 56 Kg
- At ₹35 per Kg: 45 Kg
- At ₹40 per Kg: 28 Kg
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संबंधित प्रश्न
Explain the role of the following in correcting ‘deficient demand’ in an economy:
(i) Open market operations.
(ii) Bank rate.
Observe the following table and answer the following questions:
| Quantity demanded | ||||
| Price per kg. in ₹ | Consumer A |
Consumer B |
Consumer C |
Market demand (in kgs) (A + B + C) |
| 25 | 16 | 15 | 12 | ______ |
| 30 | 12 | 11 | 10 | ______ |
| 35 | 10 | 09 | 08 | ______ |
| 40 | 08 | 06 | 04 | ______ |
- Complete the market demand schedule.
- Draw market demand curves based on the above market demand schedule.
Complete the correlation:
______ : Microeconomics : : Aggregate demand : Macroeconomics.
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 |
Individual demand is a demand by a single buyer.
Complete the following individual demand schedule.
| Price in (₹) | Quantity of sugar Demanded in Kgs |
| 5 | 20 |
| 6 | ______ |
| 7 | ______ |
| 8 | ______ |
| 9 | ______ |
Explain briefly the factors which influence individual demand for a commodity.
Define individual demand.
What does a demand schedule show?
According to the law of demand, what usually happens as the price of a commodity falls?
