Question
What do you understand by quartile deviation?
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Following table represents the market demand schedule and demand schedule of Ram, Sohan and Mohan:
| Price (R) | Ram (Units) | Sohan (Units) | Mohan (Units) | Market Demand (Units) |
| 3 | 7 | (i) | 8 | 20 |
| 4 | 6 | 4 | (ii) | 16 |
| 5 | 4 | 3 | 3 | (iii) |
| 6 | (iv) | 2 | 1 | 5 |
(Assumption: Market includes three buyers.) Calculate the missing entries.
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 |