suppose there are three comsumers 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. Of demand made by A is 50 units what is the demand of c
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- suppose there are three comsumers 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. Of demand made by A is 50 units what is the demand of c
Required answer :
Given :
- There are three consumers
- Their total demand is of 150 units
- The demand of A is 50 units
- The demand of B is half of A's demand
To find
- The demand of C
Solution with explanation
- As given the total demand of units is 150
- Also the demand of A consumer is of 50 units
- The demand of B consumer is half of A
Therefore the demand of B
- 25 units
Now the demand of B is 25 units and the demand of A is 50 units . Let us find the demand of C
- Demand of C = Total demand - ( Demand of A + Demand of B )
- Demand of C = 150 - ( 50 + 25 )
- Demand of C = 150 - 75
- Demand of C = 75 units
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