1. Consider two vegetables-Onion and Tomato 2. Collect the data for the consumption of these two vegetables per week per family from 201 households/ families 3. Take 5 different prices for both the commodities i.e. Rs. 80, Rs.60, Rs.40, Rs.20, Rs. 10 per kg and prepare a schedule. 4. On the basis of these 2 schedules (for Onions & Tomatoes) draw two different demand curves t properly. (Summation of demand for Onions and Tomatoes of 20 families separately with respect to prices-refer template) 5. Interprete on the basis of the curves & give conclusion based on the graph (Interpretation shall include the elasticity of demand curve and the nature of commodity based on the elasticity.)
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. Consider two vegetables-Onion and Tomato 2. Collect the data for the consumption of these two vegetables per week per family from 201 households/ families 3. Take 5 different prices for both the commodities i.e. Rs. 80, Rs.60, Rs.40, Rs.20, Rs. 10 per kg and prepare a schedule. 4. On the basis of these 2 schedules (for Onions & Tomatoes) draw two different demand curves t properly. (Summation of demand for Onions and Tomatoes of 20 families separately with respect to prices-refer template) 5. Interprete on the basis of the curves & give conclusion based on the graph (Interpretation shall include the elasticity of demand curve and the nature of commodity based on the elasticity
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