Refer to the accompanying figure. If Laura and Chris are the only two consumers in this market, then the market demand for hamburger will be 9 pounds per week when the price of hamburger is:
A)$1.00 per pound.
B)$1.50 per pound.
C)$2.00 per pound.
D)$2.50 per pound.

Question

Refer to the accompanying figure. If Laura and Chris are the only two consumers in this market, then the market demand for hamburger will be 9 pounds per week when the price of hamburger is: 
A)$1.00 per pound. 
B)$1.50 per pound. 
C)$2.00 per pound. 
D)$2.50 per pound.

Quizplus · Accepted Answer

At a price of $1.00 per pound, Laura wants to buy 3 pounds per week and Chris wants to buy 6 pounds per week, so market demand is 9 pounds per week.

Refer to the Accompanying Figure