Figure 4-1
Consumer 1 Consumer 2
-Refer to Figure 4-1.If these are the only two consumers in the market,then the market quantity demanded at a price of $6 is

Question

Figure 4-1
Consumer 1 Consumer 2  
-Refer to Figure 4-1.If these are the only two consumers in the market,then the market quantity demanded at a price of $6 is

Quizplus · Accepted Answer

The market quantity demanded is the sum of the quantities demanded by both consumers at the given price. If the figure shows that one consumer demands 10 units and the other demands 9 units at a price of $6, the total market quantity demanded is 19 units.

Figure 4-1 Consumer 1 Consumer 2