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 $10?

Question

Quizplus · Accepted Answer

To find the market quantity demanded, we need to add Mary's and Tom's individual quantity demanded at the given price of $10.

At $10, Mary's quantity demanded is 4 meals per week and Tom's quantity demanded is 2 meals per week. Thus, the total market quantity demanded is 4 + 2 = 6 meals per week. Therefore, the answer is C) 6.

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