SELECT * FROM question_mgmt as q WHERE id=10221 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=3 AND subId=60 AND chapterId=609 and ex_no='1' AND status=1 ORDER BY CAST(question_no AS UNSIGNED)

Question:

Consider a market where there are just two consumers and suppose their demands for the good are given as follows:

Calculate the market demand for the good.

p

d1

d2

1

9

24

2

8

20

3

7

18

4

6

16

5

5

14

6

4

12

 

Answer:

 

p

d1

d2

Market Demand (D) = (d1 + d2)

Total

1

9

24

9 + 24 

33

2

8

20

8 + 20

28

3

7

18

7 + 18

25

4

6

16

6 + 16

22

5

5

14

5 + 14

19

6

4

12

4 + 12

16

 


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