Question

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

Answer 1

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