Question
Write the four uses of Consumer Price Index Numbers.
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| Price (₹) | Demand of Rahul (Units) | Demand of Rohan (Units) | Demand of Rohit (Units) |
| 1 | 7 | 10 | 12 |
| 2 | 6 | 8 | 9 |
| 3 | 5 | 6 | 7 |
| 4 | 4 | 4 | 5 |
| 5 | 3 | 2 | 3 |
Demand schedule for commodity- X of individual A and B is given in the following table. Derive the market demand schedule and market demand curve.
| Price of Commodity-X (₹) | Demand of A (Units) | Demand of B (Units) |
| 1 | 9 | 7 |
| 2 | 7 | 6 |
| 3 | 6 | 5 |
| 4 | 4 | 4 |
| 5 | 3 | 3 |
| Output (Units) | Marginal Revenue (₹) | Total Revenue (₹) | Average Revenue(₹) |
| 1 | 10 | - | - |
| 2 | 8 | - | - |
| 3 | 0 | - | - |
| 4 | -2 | - | - |