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Question
What will be the values of (i) and (ii)?
| Price (in ₹) | Quantity Demanded by | Total Demand | ||
| A | B | C | ||
| 10 | 30 | (i) | 12 | 52 |
| 20 | 20 | 8 | 9 | 37 |
| 30 | 10 | 6 | (ii) | 22 |
Options
10 and 12
6 and 10
10 and 6
6 and 12
Solution
10 and 6
Explanation:
For (i) when the price is ₹10:
Total Demand = A + B + C
Given that the total demand is 52 units:
52 = 30 + (i) + 12
(i) = 52 − 42 = 10 units
For (ii) when the price is ₹30:
Total Demand = A + B + C
Given that the total demand is 22 units:
22 = 10 + 6 + (ii)
(ii) = 22 − 16 = 6 units
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