Market Demand Schedule

Observe the given table and answer the questions below.

%5Cbegin%7Barray%7D%7B%7Cc%7Cc%7Cc%7Cc%7Cc%7C%7D%20%5Chline%20%5Ctext%7BPrice%20per%20kg%20in%20%E2%82%B9%7D%20%26%20%5Ctext%7BConsumer%20A%7D%20%26%20%5Ctext%7BConsumer%20B%7D%20%26%20%5Ctext%7BConsumer%20C%7D%20%26%20%5Ctext%7BMarket%20Demand%20(in%20Kg)%7D%20%5C%5C%20%5Chline%2035%20%26%205%20%26%2010%20%26%2015%20%26%20%5Cboxed%7B%7D%20%5C%5C%20%5Chline%2030%20%26%2010%20%26%2015%20%26%2020%20%26%20%5Cboxed%7B%7D%20%5C%5C%20%5Chline%2025%20%26%2015%20%26%2020%20%26%2025%20%26%20%5Cboxed%7B%7D%20%5C%5C%20%5Chline%2020%20%26%2020%20%26%2025%20%26%2030%20%26%20%5Cboxed%7B%7D%20%5C%5C%20%5Chline%20%5Cend%7Barray%7D

(a) Complete Market Demand Schedule.
(b) Draw Market Demand Curve Based on the Above Market Demand Schedule.

Solution: (a) Complete Market Demand Schedule.
The market demand is obtained by adding the quantities demanded by each consumer at each price level.

Step 1: Add the demand of all consumers at each price level.
- At ₹35: Market Demand = $5%20%2B%2010%20%2B%2015%20%3D%2030$ kg.
- At ₹30: Market Demand = $10%20%2B%2015%20%2B%2020%20%3D%2045$ kg.
- At ₹25: Market Demand = $15%20%2B%2020%20%2B%2025%20%3D%2060$ kg.
- At ₹20: Market Demand = $20%20%2B%2025%20%2B%2030%20%3D%2075$ kg.

Final Answer: Complete Market Demand Schedule. $%5Cbegin%7Barray%7D%7B%7Cc%7Cc%7C%7D%20%5Chline%20%5Ctext%7BPrice%20per%20kg%20in%20%E2%82%B9%7D%20%26%20%5Ctext%7BMarket%20Demand%20(in%20Kg)%7D%20%5C%5C%20%5Chline%2035%20%26%2030%20%5C%5C%20%5Chline%2030%20%26%2045%20%5C%5C%20%5Chline%2025%20%26%2060%20%5C%5C%20%5Chline%2020%20%26%2075%20%5C%5C%20%5Chline%20%5Cend%7Barray%7D$ Solution for (b): (b) Draw Market Demand Curve Based on the Above Market Demand Schedule.

Step 1: Plot the Market Demand Points.
The points based on the market demand schedule are: - $(35%2C%2030)$ - $(30%2C%2045)$ - $(25%2C%2060)$ - $(20%2C%2075)$

Step 2: Draw the Demand Curve .
The demand curve typically slopes downward, as it represents the negative relationship between price and quantity demanded.

Step 3: Graphical Representation (sketch, if required) .
If you were to draw this on a graph, the x-axis would represent the price per kg, and the y-axis would represent the market demand in kg. The curve would slope downward from left to right, showing that as the price decreases, the demand increases.

Final Answer: The graph will show a downward-sloping demand curve based on the points calculated above.

About Market Demand Schedule - MAHARASHTRA-CLASS-XII

Market Demand Schedule is a vital chapter for MAHARASHTRA-CLASS-XII aspirants. Mastering the concepts covered in this chapter is essential for securing a top rank.

By rigorously practicing the previous year questions associated with this chapter, you can identify high-yield topics, understand the examiner's perspective, and boost your confidence during the actual exam.

Frequently Asked Questions

Why focus on Market Demand Schedule PYQs?

Analyzing PYQs for this specific chapter reveals the most frequently tested concepts and the typical complexity of questions, allowing you to tailor your study plan efficiently.

How to best use this analysis?

Review the topic breakdown to see which sub-topics within Market Demand Schedule carry the most weight. Then, tackle the questions iteratively to solidify your understanding.

High-Yield Trend

Chapter Questions
1 MCQs

Official Solution

About Market Demand Schedule - MAHARASHTRA-CLASS-XII

Frequently Asked Questions

Why focus on Market Demand Schedule PYQs?

How to best use this analysis?

Market Demand Schedule

High-Yield Trend

Chapter Questions 1 MCQs

Official Solution

About Market Demand Schedule - MAHARASHTRA-CLASS-XII

Frequently Asked Questions

Why focus on Market Demand Schedule PYQs?

How to best use this analysis?

Chapter Questions
1 MCQs