Question

Prepare a hypothetical individual demand schedule.

Answer 1

A demand schedule shows the quantity of a good that an individual is willing to purchase at various price levels. Given below is a simple hypothetical individual demand schedule for a commodity, such as apples.

Price of Apple (₹ per kg)	Quantity Demanded (kg per week)
50	2
40	3
30	4
20	5
10	6

When the price of apples falls, the quantity demanded rises, indicating an inverse relationship between price and demand in accordance with the Law of Demand.