Table 3-2

-Refer to Table 3-2.The table above shows the demand schedules for cashews of two individuals (Jordy and Amy)and the rest of the market.At a price of $10,the quantity demanded in the market would be
A)2 lbs.
B)48 lbs.
C)50 lbs
D)52 lbs.

Question

Table 3-2
 
-Refer to Table 3-2.The table above shows the demand schedules for cashews of two individuals (Jordy and Amy)and the rest of the market.At a price of $10,the quantity demanded in the market would be
A)2 lbs. 
B)48 lbs. 
C)50 lbs 
D)52 lbs.

Quizplus · Accepted Answer

At a price of $10, Jordy demands 0 lbs, Amy demands 2 lbs, and the rest of the market demands 50 lbs. Adding these together (0 + 2 + 50) gives a total market demand of 52 lbs.

Table 3-2 -Refer to Table 3-2.The Table Above Shows the Demand Schedules