Question
Define price line.
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Given below are the individual demand schedules of Maggi and Pasta. Derive market demand schedule and market demand curve (assuming market includes two buyers, Maggi and Pasta) from the following:
| Price (₹ per unit) | Maggi (Units) | Pasta (Units) |
| 5 | 4 | 6 |
| 4 | 5 | 7 |
| 3 | 6 | 8 |
| 2 | 7 | 9 |
| 1 | 8 | 10 |
|
X
|
0-20
|
20-40
|
40-60
|
60-80
|
80-100
|
|
Frequency
|
5
|
10
|
20
|
10
|
5
|