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Question

From the following table prepare demand schedule for household B, given demand schedule of household A,C and market demand schedule.
Price (Rs.)Household A (Units)Household B (Units)Household C (Units)Market Demand (Units)
7
6
5
4
3
6
8
12
17
24
-
-
-
-
-
11
16
22
30
42
26
36
51
71
98

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Solution

Bs Demand Schedule
Price (Rs.)Quantity (Units)
7
6
5
4
3
26(6+11)=9
36(8+16)=12
51(12+22)=17
71(17+30)=24
98(24+42)=32

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