Assume the price of a movie is $10.Jenna demands 2 movies per week,Sam demands 3 movies per week,and Jordan demands 8 movies per week.From this information we can conclude that

Question

Quizplus · Accepted Answer

By adding up the individual demands, we get a total demand of 13 movies per week at a price of $10. This means that the market quantity demanded at this price is at least 13 movies per week. This does not give any information about the profitability of the movie industry, the wealth of individuals or the rationality of their demands.

Assume the Price of a Movie Is $10