The table shows individual demand schedules for a market. If the price of the good is $0.50, total demand by Betty and Barney will be:

Question

Quizplus · Accepted Answer

To find the total demand at a price of $0.50, we add up the quantity demanded by Betty and Barney at that price. Betty demands 6 units at $0.50, and Barney demands 30 units at $0.50, for a total demand of 6 + 30 = 36 units. Therefore, the answer is B.

The Table Shows Individual Demand Schedules for a Market