Question

Demand schedule for three consumers such as Mohan, Rohan and Mitu for a commodity is given below. Derive the market demand schedule.

Price (Rs.)	Demand Schedule of Mohan (Units)	Demand Schedule of Rohan (Units)	Demand Schedule of Mitu (Units)
$1$ $2$ $3$ $4$ $5$	$60$ $50$ $40$ $30$ $20$	$55$ $40$ $25$ $10$ $0$	$24$ $13$ $5$ $0$ $0$

Answer 1

Market Demand Schedule

Price (Rs.)	Quantity (Units)
$1$ $2$ $3$ $4$ $5$	$60+55+24=139$ $50+40+13=103$ $40+25+5=70$ $30+10+0=40$ $20+0+0=20$