John,Don,and Mary demand 5,7,and 3 cans of cat food,respectively,when the price is $1.50.If they are the only consumers,the market quantity demanded at a price of $1.50 is

Question

Quizplus · Accepted Answer

The market quantity demanded is the sum of the individual quantities demanded. At a price of $1.50, John demands 5 cans, Don demands 7 cans, and Mary demands 3 cans. Therefore, the market quantity demanded is 5 + 7 + 3 = 15 cans.

John,Don,and Mary Demand 5,7,and 3 Cans of Cat Food,respectively,when the Price