TABLE 3-1

-Refer to Table 3-1. It illustrates the demand schedules for gourmet ice cream of two individuals and the rest of the market. At $4, what would the quantity demanded in the market be?
A) 12
B) 22
C) 31
D) 39

Question

TABLE 3-1
 
-Refer to Table 3-1. It illustrates the demand schedules for gourmet ice cream of two individuals and the rest of the market. At $4, what would the quantity demanded in the market be?
A) 12 
B) 22 
C) 31 
D) 39

Quizplus · Accepted Answer

The market demand is the sum of the individual demands. If the demand schedules for the two individuals and the rest of the market add up to 39 units at $4, then the total market demand is 39.

TABLE 3-1 -Refer to Table 3-1. It Illustrates the Demand Schedules for the Demand