Refer to the accompanying figure. If Laura and Chris are the only two consumers in this market then at a price of $2.50 per pound, the market demand for hamburger is:
A)1.5 pounds per week.
B)3 pounds per week.
C)4 pounds per week.
D)4.5 pounds per week.

Question

Refer to the accompanying figure. If Laura and Chris are the only two consumers in this market then at a price of $2.50 per pound, the market demand for hamburger is: 
A)1.5 pounds per week. 
B)3 pounds per week. 
C)4 pounds per week. 
D)4.5 pounds per week.

Quizplus · Accepted Answer

At a price of $2.50 per pound, Laura wants to buy 1.5 pounds per week and Chris wants to buy 3 pounds per week, so market demand is 4.5 pounds per week.

Refer to the Accompanying Figure