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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.
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.
Complete the correlation:
______ : Microeconomics : : Aggregate demand : Macroeconomics.
State with reasons whether you agree or disagree with the following statements:
When price of Giffen goods fall, the demand for it increases.
Demand schedule is a list of prices and quantities.
From the given demand schedule, what will be the effect on demand curve.
| Price in (₹) | Demand (units) |
| 20 | 100 |
| 20 | 70 |
Individual demand is a demand by a single buyer.
Construct a demand schedule showing relationship between price and quantity demanded.
How is the demand curve related to the demand schedule?
