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Question
Prepare a hypothetical market demand schedule and draw a market demand curve based on it.
Chart
Graph
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Solution
Market Demand schedule:
| Price of Sugar (Rs.) | Demand by Consumer A (kg) | Demand by Consumer B (kg) | Demand by Consumer C (kg) | Market Demand |
| 30 | 1 | 2 | 3 | 6 |
| 29 | 2 | 3 | 4 | 9 |
| 28 | 3 | 4 | 5 | 12 |
| 27 | 4 | 5 | 6 | 15 |
| 26 | 5 | 6 | 7 | 18 |
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