Question

From the following table, prepare demand schedule for household B, given demand schedule of household A, C and market demand schedule.

Price (in Rs.)	Household A	Household B	Household C	Market Demand
7	8	-	11	26
6	10	-	16	36
5	14	-	22	51
4	19	-	30	71
3	26	-	42	98

Answer 1

Household B’s Demand Schedule

Price (in Rs)	Quantity
7	26 – (8 +11) = 7
6	36 – (10 + 16) = 10
5	51 – (14 + 22) = 15
4	71 – (19 + 30) = 22
3	98 – (26 + 42) = 30