Table 4-1

-Refer to Table 4-1.If these are the only four buyers in the market,then the market quantity demanded at a price of $1 is

Question

Table 4-1
 
-Refer to Table 4-1.If these are the only four buyers in the market,then the market quantity demanded at a price of $1 is

Quizplus · Accepted Answer

The market quantity demanded is the sum of the quantities demanded by all buyers at a given price. If the table shows that each of the four buyers demands a certain number of units at a price of $1, and their total is 31 units, then the market quantity demanded is 31 units.

Table 4-1 -Refer to Table 4-1.If These Are the Only Four Buyers