market schedule of karan,rohan and mitu are given in the figure:
If Mitu is dropped out of the market, what will be new 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

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Solution

If Mitu drops out from market the new market demand schedule is as follows:
New Market Demand Schedule
Price (Rs.) Quantity (Units)
$1$
$2$
$3$
$4$
$5$
$60 + 55 = 115$
$50 + 40 = 90$
$40 + 25 = 65$
$30 + 10 = 40$
$20 + 0 = 20$

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

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1	7	10	12
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$\begin{matrix} Price & Quantity Demanded & Quantity Demanded & Quantity Demanded by Ashok & by Mohan & by Jay 1 & 60 & 55 & 24 2 & 50 & 40 & 13 3 & 40 & 25 & 5 4 & 30 & 10 & 0 5 & 20 & 0 & 0 \end{matrix}$

(i) Derive the market demand schedule.

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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

Price (Rs.)	Quantity (Units)
$1$ $2$ $3$ $4$ $5$	$60 + 55 = 115$ $50 + 40 = 90$ $40 + 25 = 65$ $30 + 10 = 40$ $20 + 0 = 20$

market schedule of karan,rohan and mitu are given in the figure:If Mitu is dropped out of the market, what will be new market demand schedule? Price (Rs.)Demand schedule of mohan (Units) Demand schedule of Rohan (Units) Demand Schedule of Mitu (Units) 1234560504030205540251002413500

If Mitu drops out from market the new market demand schedule is as follows:New Market Demand SchedulePrice (Rs.)Quantity (Units)1234560+55=11550+40=9040+25=6530+10=4020+0=20

If Mitu drops out from market the new market demand schedule is as follows:
New Market Demand Schedule
Price (Rs.) Quantity (Units)
$1$
$2$
$3$
$4$
$5$
$60 + 55 = 115$
$50 + 40 = 90$
$40 + 25 = 65$
$30 + 10 = 40$
$20 + 0 = 20$