Figure 4.1
-Refer to Figure 4.1 that shows Mary and Tom's individual demand curves for meals per week at Fratelli's Italian Restaurant. Assuming Mary and Tom are the only consumers in the market, if the market quantity demanded is 6, the price must be:

Question

Quizplus · Accepted Answer

The market quantity demanded is the sum of Mary and Tom's individual demands. At a price of $10, both Mary and Tom demand 3 meals each, totaling 6 meals, which matches the market quantity demanded.

Figure 4.1 -Refer to Figure 4.1 That Shows Mary and Tom's Individual