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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 ‘excess demand’ in an economy:
(i) Bank rate.
(ii) Open market operations.
The relationship between income and demand for inferior goods is ______.
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.
State with reasons whether you agree or disagree with the following statements:
When price of Giffen goods fall, the demand for it increases.
Prepare a hypothetical market demand schedule and draw a market demand curve based on it.
Identify the most efficient student:
| Name of the student |
No. of projects completed |
Quality of projects | Time taken (in days) |
| P | 5 | Average | 4 |
| Q | 5 | Very good | 4 |
| R | 5 | Very good | 7 |
| S | 6 | Poor | 3 |
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 |
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 | ______ |
According to the law of demand, what usually happens as the price of a commodity falls?
