Table 3-4

-Refer to Table 3-4. The table above shows the demand schedules for cashews of two individuals (Jordy and Amy) and the rest of the market. At a price of $6, the quantity demanded in the market would be
A) 87 lbs.
B) 95 lbs.
C) 103 lbs.
D) 215 lbs.

Question

Table 3-4
 
-Refer to Table 3-4. The table above shows the demand schedules for cashews of two individuals (Jordy and Amy) and the rest of the market. At a price of $6, the quantity demanded in the market would be
A) 87 lbs. 
B) 95 lbs. 
C) 103 lbs. 
D) 215 lbs.

Quizplus · Accepted Answer

To find the total market demand at a price of $6, sum the quantities demanded by Jordy, Amy, and the rest of the market at that price. The total is 103 lbs.

Table 3-4 -Refer to Table 3-4. the Table Above Shows the Demand