Exhibit 6-16 Exhibit 6-16 shows Reggie's demand for apples.If there are 100 people in this economy, and each has the same demand for apples as Reggie, what is the total quantity demanded in the market for apples at P = $6?
A)600 pounds of apples
B)200 pounds of apples
C)the average of all the quantities demanded
D)the average of all the prices
E)the average quantity demanded divided by the average price

Question

Exhibit 6-16  Exhibit 6-16 shows Reggie's demand for apples.If there are 100 people in this economy, and each has the same demand for apples as Reggie, what is the total quantity demanded in the market for apples at P = $6?
A)600 pounds of apples 
B)200 pounds of apples 
C)the average of all the quantities demanded 
D)the average of all the prices 
E)the average quantity demanded divided by the average price

Quizplus · Accepted Answer

At a price of $6, Reggie's demand is 20 pounds of apples. If each of the 100 people in the economy has the same demand as Reggie, then the total quantity demanded in the market for apples at that price is 100 x 20 = 200 pounds of apples.

Exhibit 6-16 Exhibit 6-16 Shows Reggie's Demand for Apples