Fran runs a doughnut shop in a tiny 3-person town. The accompanying table shows the quantity demand by the three townspeople at various prices. When the price of a doughnut is 50 cents, what is the market demand for doughnuts?
A)31 doughnuts
B)20 doughnuts
C)9 doughnuts
D)5 doughnuts

Question

Fran runs a doughnut shop in a tiny 3-person town. The accompanying table shows the quantity demand by the three townspeople at various prices.  When the price of a doughnut is 50 cents, what is the market demand for doughnuts?
A)31 doughnuts 
B)20 doughnuts 
C)9 doughnuts 
D)5 doughnuts

Quizplus · Accepted Answer

At a price of 50 cents each, Al wants to buy 5, Betty wants to buy none, and Carol wants to buy 4, so the market demand is 9.

Fran Runs a Doughnut Shop in a Tiny 3-Person Town