Refer to the accompanying figures. If Mallory and Rick are the only two consumers in this market and the price of soda is $0.75 per can, then what will be the market demand for soda each month?
A)70
B)50
C)30
D)20

Question

Refer to the accompanying figures. If Mallory and Rick are the only two consumers in this market and the price of soda is $0.75 per can, then what will be the market demand for soda each month? 
A)70 
B)50 
C)30 
D)20

Quizplus · Accepted Answer

If the price of soda is $0.75 per can, then Mallory will want to buy 30 cans per month and Rick will want to buy 20 cans per month, so market demand will be 50 cans per month.

Refer to the Accompanying Figures