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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 |
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
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When price of Giffen goods fall, the demand for it increases.
Demand schedule is a list of prices and quantities.
From the following data regarding individual demand schedules of households A, B and market demand schedule, what will be the values of (i) and (ii) (Assuming that there are only 2 households in the market).
| Price (in ₹) | Individual Demand (units) | Market demand (units) | ||
| A | B | C | ||
| 7 | (i) | 16 | 15 | 51 |
| 8 | 18 | 15 | (ii) | 46 |
| 9 | 16 | 12 | 11 | 39 |
| 10 | 13 | 10 | 9 | 32 |
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| Price in (₹) | Demand (units) |
| 20 | 100 |
| 20 | 70 |
Individual demand is a demand by a single buyer.
Construct a demand schedule showing relationship between price and quantity demanded.
Explain briefly the factors which influence individual demand for a commodity.
