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 9 the price must be:

Question

Quizplus · Accepted Answer

The market quantity demanded is the sum of Mary and Tom's individual demands. If the total demand is 9 meals per week, the price must be $5, where their individual demands add up to 9.

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