Explanation: The following figure graphs the answer.

-Refer to the figure above.If Good X is a private good,what is the total quantity demanded on the market if the market price is $4?
A) 8
B) 14
C) 12
D) 10

Question

Explanation: The following figure graphs the answer.
 
-Refer to the figure above.If Good X is a private good,what is the total quantity demanded on the market if the market price is $4?
A) 8 
B) 14 
C) 12 
D) 10

Quizplus · Accepted Answer

At a market price of $4, the quantity demanded of Good X is 6 units by consumer A and 6 units by consumer B, for a total of 12 units demanded on the market.

Explanation: the Following Figure Graphs the Answer