Figure 4-2

Consumer 1
Consumer 2

-Refer to Figure 4-2. If these are the only two consumers in the market, then the market quantity demanded at a price of $6 is

Question

Figure 4-2
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Consumer 1
Consumer 2   ​
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-Refer to Figure 4-2. If these are the only two consumers in the market, then the market quantity demanded at a price of $6 is

Quizplus · Accepted Answer

The market quantity demanded is the sum of the quantities demanded by each consumer. At a price of $6, consumer 1 demands 11 units and consumer 2 demands 8 units. Therefore, the market quantity demanded is 11 + 8 = 19 units.

Figure 4-2 ​

Figure 4-2