Suppose Julia and Zach are the only consumers of milk. Julia's demand for milk is defined as at prices below $4 and zero for prices above $4. Zach's demand for milk is defined as at prices below $5 and zero for prices above $5. If the market price for milk is $4.50, market demand is
A) Zero
B) 1.5
C) 1
D) 10

Question

Suppose Julia and Zach are the only consumers of milk. Julia's demand for milk is defined as  at prices below $4 and zero for prices above $4. Zach's demand for milk is defined as  at prices below $5 and zero for prices above $5. If the market price for milk is $4.50, market demand is
A) Zero 
B) 1.5 
C) 1 
D) 10

Quizplus · Accepted Answer

The Answer is C

Suppose Julia and Zach Are the Only Consumers of Milk