Question
Distinguish between quantitative data and qualitative data. Give two examples of each.
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From the following table prepare demand schedule for household B, given demand schedule of household A, C and market demand schedule.
| Price (₹) | Household A (Units) | Household B (Units) | Household C (Units) | Market Demand (Units) |
| 7 | 6 | - | 11 | 26 |
| 6 | 8 | - | 16 | 36 |
| 5 | 12 | - | 22 | 51 |
| 4 | 17 | - | 30 | 71 |
| 3 | 24 | - | 42 | 98 |
| Units Sold | Total Revenue (₹) | Average Revenue (₹) | Marginal Revenue (₹) |
| 1 | 20 | - | - |
| 2 | - | 18 | - |
| 3 | - | - | 12 |
| 4 | 56 | - | - |
| 5 | - | - | 4 |
| 6 | - | - | 0 |