The table below shows the weekly demand for hamburgers in a market where there are just three buyers.
$$\begin{array} { | c | c | c | c | }
\hline \text { Price } & \text { Buyer 1Qd 1 } & \text { Buyer 2 Qd 2 } & \text { Buyer 3 Qd 3 } \
\hline \$ 6 & 7 & 4 & 6 \
\hline 5 & 9 & 7 & 8 \
\hline 4 & 15 & 10 & 12 \
\hline 3 & 21 & 15 & 16 \
\hline
\end{array}$$ Suppose now that there are 200 buyers in a market, each with a demand schedule identical to
Buyer 2 in the table above (no one is similar to either Buyer 1 or Buyer 3). What would the weekly
Quantity of hamburgers demanded in the market at a price of $4 be?

Question

The table below shows the weekly demand for hamburgers in a market where there are just three buyers.
$$\begin{array} { | c | c | c | c | } 
\hline \text { Price } & \text { Buyer 1Qd 1 } & \text { Buyer 2 Qd 2 } & \text { Buyer 3 Qd 3 } \
\hline \$ 6 & 7 & 4 & 6 \
\hline 5 & 9 & 7 & 8 \
\hline 4 & 15 & 10 & 12 \
\hline 3 & 21 & 15 & 16 \
\hline
\end{array}$$ Suppose now that there are 200 buyers in a market, each with a demand schedule identical to
Buyer 2 in the table above (no one is similar to either Buyer 1 or Buyer 3). What would the weekly
Quantity of hamburgers demanded in the market at a price of $4 be?

Quizplus · Accepted Answer

The Answer of The table below shows the weekly demand for hamburgers in a market where there are just three buyers.
$$\begin{array} { | c | c | c | c | } 
\hline \text { Price } & \text { Buyer 1Qd 1 } & \text { Buyer 2 Qd 2 } & \text { Buyer 3 Qd 3 } \
\hline \$ 6 & 7 & 4 & 6 \
\hline 5 & 9 & 7 & 8 \
\hline 4 & 15 & 10 & 12 \
\hline 3 & 21 & 15 & 16 \
\hline
\end{array}$$ Suppose now that there are 200 buyers in a market, each with a demand schedule identical to
Buyer 2 in the table above (no one is similar to either Buyer 1 or Buyer 3). What would the weekly
Quantity of hamburgers demanded in the market at a price of $4 be?

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