Figure 4.1
-Refer to Figure 4.1 that shows Mary and Tom's individual demand curves for meals per week at Fratelli's Italian Restaurant.Assuming Mary and Tom are the only consumers in the market,what is the market quantity demanded at a price of $15?

Question

Quizplus · Accepted Answer

The market quantity demanded is the sum of the quantities demanded by Mary and Tom at the given price. If both demand 1.5 meals each at $15, the total is 3 meals.

Figure 4.1 -Refer to Figure 4.1 That Shows Mary and Tom's Individual