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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 | ______ |
- Complete market demand schedule.
- Draw market demand curve based on above market demand schedule.
Complete the Table
Graph
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Solution
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:
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