Assume that Jose,Kaitlyn,Leah,and Maria are the only buyers in this market.
-Refer to Exhibit 3-13.Fill in blanks (E)and (F)respectively with the market quantity demanded at each given price.
A) 6.78; 3.80
B) 61; 38
C) 75; 64
D) 48; 27
E) none of the above

Question

Assume that Jose,Kaitlyn,Leah,and Maria are the only buyers in this market.
-Refer to Exhibit 3-13.Fill in blanks (E)and (F)respectively with the market quantity demanded at each given price.
A) 6.78; 3.80 
B) 61; 38 
C) 75; 64 
D) 48; 27 
E) none of the above

Quizplus · Accepted Answer

The market quantity demanded at each given price is calculated by summing the individual quantities demanded by all consumers at that price. The correct quantities that fill in blanks (E) and (F) are 61 and 38, respectively.

Assume That Jose,Kaitlyn,Leah,and Maria Are the Only Buyers in This