Suppose the market for shoes consists of three consumers. The accompanying table shows the quantity demanded at various prices for each consumer: $$\begin{array} { | c | r | r | r | }
\hline \begin{array} { c }
\text { Price } \
\text { Per Pair }
\end{array} & \begin{array} { c }
\text { Pairs Demanded } \
\text { by Pat }
\end{array} & \begin{array} { c }
\text { Pairs Demanded } \
\text { by Leigh }
\end{array} & \begin{array} { c }
\text { Pairs Demanded } \
\text { by Chris }
\end{array} \
\hline \$ 100 & \mathbb { 0 } & 1 & 0 \
\hline \$ 75 & 0 & 3 & 1 \
\hline \$ 50 & 1 & 7 & 3 \
\hline \$ 30 & 2 & 10 & 5 \
\hline
\end{array}$$
What is the market demand for shoes when the price is $50 a pair?
A)7 pairs
B)11 pairs
C)15 pairs
D)It will depend on the quantity supplied when the price is $50 a pair.

Question

Suppose the market for shoes consists of three consumers. The accompanying table shows the quantity demanded at various prices for each consumer: $$\begin{array} { | c | r | r | r | } 
\hline \begin{array} { c } 
\text { Price } \
\text { Per Pair }
\end{array} & \begin{array} { c } 
\text { Pairs Demanded } \
\text { by Pat }
\end{array} & \begin{array} { c } 
\text { Pairs Demanded } \
\text { by Leigh }
\end{array} & \begin{array} { c } 
\text { Pairs Demanded } \
\text { by Chris }
\end{array} \
\hline \$ 100 & \mathbb { 0 } & 1 & 0 \
\hline \$ 75 & 0 & 3 & 1 \
\hline \$ 50 & 1 & 7 & 3 \
\hline \$ 30 & 2 & 10 & 5 \
\hline
\end{array}$$  
What is the market demand for shoes when the price is $50 a pair?
A)7 pairs
B)11 pairs
C)15 pairs
D)It will depend on the quantity supplied when the price is $50 a pair.

Quizplus · Accepted Answer

The market demand is the sum of the quantities demanded by all consumers at a given price. At $50, Pat demands 1 pair, Leigh demands 7 pairs, and Chris demands 3 pairs, totaling 11 pairs.

Suppose the Market for Shoes Consists of Three Consumers What Is the Market Demand for Shoes When the Price