Figure 5-3
-Assume the market consists of three consumers with the demand curves in Figure 5-3.At a price of 1, the total market demand is

Name: Figure 5-3 -Assume the market consists of three consumers with the demand curves in Figure 5-3.At a price of 1, the total market demand is
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Question

Figure 5-3 
-Assume the market consists of three consumers with the demand curves in Figure 5-3.At a price of 1, the total market demand is

Quizplus · Accepted Answer

From the graph, at a price of 1, the total quantity demanded by consumer 1, 2, and 3 is 20+60+60=140. Therefore, the correct answer is C.

Figure 5-3 -Assume the Market Consists of Three Consumers with the Demand