Question
How does increase in consumers' income impact market equilibrium?
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| Price (₹) | Quantity Demanded by Isha (Units) | Quantity Demanded by Misha (Units) | Market Demand (Units) |
| 10 | 3 | - | 8 |
| 9 | - | 8 | 15 |
| 8 | 11 | - | 22 |
| 7 | - | 14 | 30 |
| 6 | 20 | 22 | - |
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 |