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Questions
With the help of a hypothetical table, draw the demand curve of a commodity.
Draw a demand curve with the help of a hypothetical individual demand schedule.
Solution
Hypothetical Individual Demand Schedule:
| Price (In ₹) | Quantity demanded (in units) |
| 5 | 1 |
| 4 | 2 |
| 3 | 3 |
| 2 | 4 |
| 1 | 5 |
Individual demand curve has been drawn according to individual demand schedule.
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