Macroeconomics 9th Edition by David Colander

Exercise 16

You ' re given the following individual demand tables for comic books.
Price
John
Liz
Alex
$ 2
4
36
24
4
4
32
20
6
0
28
16
8
0
24
12
10
0
20
8
12
0
16
4
14
0
12
0
16
0
8
0
a. Determine the market demand table.
b. Graph the individual and market demand curves.
c. If the current market price is $4, what ' s total market demand What happens to total market demand if price rises to $8
d. Say that an adverting campaign increases demand by50 percent.hat will happen to me individual and market demand curves LO1