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in Concept of Demand by (63.4k points)

Demand schedule for three consumers such as Ram, Rahim and Rehmat for a commodity is given below. Derive the market demand schedule.

Price (in Rs) Demand Schedule of Ram Demand Schedule of Rahim Demand Schedule of Rehmat
1 65 60 29
2 55 45 18
3 45 30 10
4 35 15 5
5 25 5 5

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Best answer

Market Demand Schedule

Price (in Rs.) Quantity
1 65 + 60 + 29 = 154
2 55 + 45 + 18 = 118
3 45 + 30 + 10 = 85
4 35 + 15 + 05 = 55
5 25 + 05 + 05 = 35

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