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Draw a Demand Curve with the Help of a Hypothetical Individual Demand Schedule. - Economic Applications

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Question

Draw a demand curve with the help of a hypothetical individual demand schedule.

Chart
Diagram

Solution 1

Individual demand schedule and the demand curve are given below:

Price Quantity
5 1
10 2
15 3
20 4
25 5

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Solution 2

Hypothetical Individual Demand Schedule

Price (in ₹) Quantity demanded (in units)
5 1
4 2
3 3
2 4
1 5

Individual demand curve DD is according to individual demand schedule.

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Chapter 1: Elementary Theory of Demand - QUESTION BANK [Page 26]

APPEARS IN

Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 1 Elementary Theory of Demand
QUESTION BANK | Q 26. | Page 26
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