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Question
Observe the following table and answer the following questions:
| Quantity demanded | ||||
| Price per kg. in ₹ | Consumer A |
Consumer B |
Consumer C |
Market demand (in kgs) (A + B + C) |
| 25 | 16 | 15 | 12 | ______ |
| 30 | 12 | 11 | 10 | ______ |
| 35 | 10 | 09 | 08 | ______ |
| 40 | 08 | 06 | 04 | ______ |
- Complete the market demand schedule.
- Draw market demand curves based on the above market demand schedule.
Solution
Quantity demanded Price per kg. in ₹ Consumer A Consumer B Consumer C Market
demand
(in kgs)
(A + B + C)25 16 15 12 43 30 12 11 10 33 35 10 09 08 27 40 08 06 04 18 - Market Curve based on the Schedule:
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