This document contains numerical problems related to demand analysis and constructing demand curves from demand equations and price-quantity data. It includes 7 practice problems calculating demand quantities at given prices, constructing demand schedules and curves, estimating market demand from individual demands, and calculating the price level at which demand becomes zero. The problems cover basic concepts in demand analysis like inverse relationship between price and quantity demanded, demand curves, and aggregating individual demands into market demand.
This document contains numerical problems related to demand analysis and constructing demand curves from demand equations and price-quantity data. It includes 7 practice problems calculating demand quantities at given prices, constructing demand schedules and curves, estimating market demand from individual demands, and calculating the price level at which demand becomes zero. The problems cover basic concepts in demand analysis like inverse relationship between price and quantity demanded, demand curves, and aggregating individual demands into market demand.
This document contains numerical problems related to demand analysis and constructing demand curves from demand equations and price-quantity data. It includes 7 practice problems calculating demand quantities at given prices, constructing demand schedules and curves, estimating market demand from individual demands, and calculating the price level at which demand becomes zero. The problems cover basic concepts in demand analysis like inverse relationship between price and quantity demanded, demand curves, and aggregating individual demands into market demand.
DEMAND ANALYSIS NUMERICAL 1 The demand equation for Sugar is given as Qds = 200 – 5Pd and the price of sugar is below table:
Price of Sugar (Rs.) Quantity of Demand (Kg)
5 10 15 20 Questions: 1. Calculate the quantity of demand for sugar at given prices. 2. With the help of the demand schedule draw a demand curve NUMERICAL 2 The demand equation for Sugar is given as Qdw = 100 – 5pw and the price of sugar is below table:
Price of Sugar (Rs.) Quantity of Demand (Kg)
2 4 6 8 Questions: 1. Calculate the quantity of demand for sugar at given prices. 2. With the help of the demand schedule draw a demand curve NUMERICAL 3 The demand equation for Sugar is given as Qda = 200 – 10pa and the price of sugar is below table:
Price of Sugar (Rs.) Quantity of Demand (Kg)
3 5 7 9 Questions: 1. Calculate the quantity of demand for sugar at given prices. 2. With the help of the demand schedule draw a demand curve NUMERICALS – HOMEWORK 1. Construct a demand schedule & demand curve from the following: The demand function for pen is Qa = 10,000 – 0.4p Assume the prices to be Rs. 100, Rs. 200, Rs. 300, Rs. 400 & Rs. 500.
2. The demand function for mobile per day is estimated
to be Dm = 1000 – 0.2p. If the price us Rs. 1000, how many mobiles will be demanded per day? If the price rises to Rs. 2000, Rs. 3000 and Rs. 4000, construct the demand schedule & the demand curve. NUMERICALS – HOMEWORK 3. Three consumers A, B & C demand commodity x as per the following demand function. Assume the price of commodity x is Rs. 50 per unit. A`s demand function: Qx = 200 – 0.4p B`s demand function: Qx = 400 – 0.2p C`s demand function: Qx = 500 – 0.1p Estimate the market demand. NUMERICALS – HOMEWORK 4. Consider the following demand function Qx = 300 – 0.2px. Calculate Qx if price Rs. 50, Rs. 100 and calculate the price at which Qx will be zero.
5. The demand function is given as Qa = 300 – 0.5pa +
0.3y. Calculate Qa for the following values of p & y. p = Rs. 40, R.s 80, Rs. 120, Rs. 200 y = Rs. 1000, Rs. 2000, Rs. 3000, Rs. 4000 NUMERICALS – HOMEWORK 6. If Qx = 500 – 3p & p = Rs. 100 and Rs. 150. Calculate Qx
7. If Qx = 1000 – 2p & p = Rs. 200 and Rs. 400. Calculate
Qx. What should be the price if Qx has to be zero?