Practicing Success
Shown below are the quantities of a commodity demanded by three individuals A, B & C at different prices in a market. |
139, 67 143, 67 67, 143 143, 139 |
143, 67 |
Market demand refers to the sum total of all the individual demand curves pertaining in the market. Demands of A, B and C at price 20 = 45+ 49+49 = 143 Demands of A, B and C at price 40 = 15+ 29+ 23 = 67 |