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Question
Draw a demand curve with the help of a hypothetical individual demand schedule.
Solution 1
Individual demand schedule and the demand curve are given below:
Price | Quantity |
5 | 1 |
10 | 2 |
15 | 3 |
20 | 4 |
25 | 5 |
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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