Use the figure below to answer the following questions. Figure 5.2.4a Figure 5.2.4b
-Figure 5.2.4 shows Leo's demand curve for pizza in the left graph and Kate's demand curve for pizza in the right graph.Leo and Kate are the only two consumers in the market.If the market price is $3 a slice,what is the quantity demanded in the market?
A)15 slices
B)5 slices
C)20 slices
D)10 slices
E)25 slices

Question

Use the figure below to answer the following questions.   Figure 5.2.4a Figure 5.2.4b
-Figure 5.2.4 shows Leo's demand curve for pizza in the left graph and Kate's demand curve for pizza in the right graph.Leo and Kate are the only two consumers in the market.If the market price is $3 a slice,what is the quantity demanded in the market?
A)15 slices 
B)5 slices 
C)20 slices 
D)10 slices 
E)25 slices

Quizplus · Accepted Answer

At a price of $3, you would look at each individual's demand curve to determine how many slices each would buy at that price, then sum those amounts to find the total market demand.

Use the Figure Below to Answer the Following Questions