Question

Suppose there are 3 consumers: A, B and C in a market. At a certain price, their total demand is 105 units. Quantity demanded by B is half that of A. If demand made by A is 50 units. What is the demand of C?a)50b) 40c) 55d) 30

Answer 1

Explanation:

derived the market demand schedule and plot the market demand curve.

Answer 2

Answer:

At a certain price, total demand made by A,B and C is 105 units.

Quantity demanded by B is half that of A. If demand made by A is 50 units. then the demand of C is (d)30 units.

Explanation:

• Let the quantity demand made by C be x.

• Quantity demanded by A = 50 units

• Quantity demanded by B is half that of A.

• Hence , the quantity demanded by B is = 50/2 = 25 units

• Quantity demanded by A and B together = 50 units + 25 units = 75 units

At a certain price,  total demand made by A,B and C is 105 units.

So, the quantity demanded by C

= (total demand made by A,B and C) - (Quantity demanded by A and B together)

= 105 units - 75 units = 30 units