Question

Study the following table and answer the questions:

Price of Chocolate (₹)	Quantity Demanded			Market Demand
	Consumer A	Consumer B	Consumer C	(A + B + C)
50	4	9	20	33
100	3	`square`	15	26
150	`square`	7	10	19
200	1	6	5	`square`
250	0	5	`square`	5

Questions:

1. Complete the above table.
2. State whether the following statements are True or False:
   (a) As the price rises from ₹50 to ₹250, market demand falls from 33 to 5. This fall in market demand is known as the decrease in demand.
   (b) There is an inverse relationship between price and market demand.

Answer 1

1. 
   

   Price of Chocolate (₹)	Quantity Demanded			Market Demand
   	Consumer A	Consumer B	Consumer C	(A + B + C)
   50	4	9	20	33
   100	3	8	15	26
   150	2	7	10	19
   200	1	6	5	12
   250	0	5	0	5

2. (a) False
   (b) True