VIII. Answer any 1 of the following assignment or project and assignment orientend questions.
28. Explain the Market demand with the help of a diagram.
29. Project and Assignment Oriented Question. Find the Missing products in the following table. Factor 1 TP MPL APL 0 1 2 3 4 5 6 0 10 24 40 - - 57 0 - - 16 10 6 - 0 10 12 13.33 - 11.2 9.5
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28 ) Market demand curve refers to the graphical representation of market schedule. It is obtained by the horizontal summation of individual demand curves. We see, that at price 5 the units demanded are 5, when the price is 4, the units demanded is 10 and so on. This shows that as the price decreases the demand increases...
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