Question

Using hypothetical data show a market demand schedule.

Answer 1

Hypothetical market demand schedule:

Price of oranges (Rs. per kg).	Demand by A (kg)	Demand by B (kg)	Demand by C (kg)	Demand by D (kg)	Quantity of oranges demanded (kg) $A+B+C+D$ (Market demand)
$30$	$5$	$8$	$7$	$10$	$30$
$24$	$7$	$10$	$9$	$12$	$38$
$18$	$9$	$12$	$11$$	$14$	$46$
$12$	$10$	$14$	$14$	$16$	$54$
$06$	$14$	$16$	$16$	$18$	$64$