The table below shows the weekly demand for hamburgers in a market where there are just three buyers.
$$\begin{array} { | c | c | c | c | }
\hline \text { Price } & \text { Buyer 1Qd 1 } & \text { Buyer 2 Qd 2 } & \text { Buyer 3 Qd 3 } \
\hline \$ 6 & 7 & 4 & 6 \
\hline 5 & 9 & 7 & 8 \
\hline 4 & 15 & 10 & 12 \
\hline 3 & 21 & 15 & 16 \
\hline
\end{array}$$ If the price of hamburger falls from $5 to $3, then the weekly market quantity demanded will

Question

The table below shows the weekly demand for hamburgers in a market where there are just three buyers.
$$\begin{array} { | c | c | c | c | } 
\hline \text { Price } & \text { Buyer 1Qd 1 } & \text { Buyer 2 Qd 2 } & \text { Buyer 3 Qd 3 } \
\hline \$ 6 & 7 & 4 & 6 \
\hline 5 & 9 & 7 & 8 \
\hline 4 & 15 & 10 & 12 \
\hline 3 & 21 & 15 & 16 \
\hline
\end{array}$$ If the price of hamburger falls from $5 to $3, then the weekly market quantity demanded will

Quizplus · Accepted Answer

At $5, the total quantity demanded is 9 + 7 + 8 = 24. At $3, it increases to 21 + 15 + 16 = 52.

The Table Below Shows the Weekly Demand for Hamburgers in a Market