Diagrams A,B,and C show 3 individual consumers' demand curves for cement.Consumers A,B,and C constitute the entire monthly cement market in this region. FIGURE 6-3
-Refer to Figure 6-3.What is the market demand (in cubic metres per month)for cement at a price of $80 per cubic metre?
A)0
B)1000
C)2000
D)3000
E)4000

Question

Diagrams A,B,and C show 3 individual consumers' demand curves for cement.Consumers A,B,and C constitute the entire monthly cement market in this region.  FIGURE 6-3
-Refer to Figure 6-3.What is the market demand (in cubic metres per month)for cement at a price of $80 per cubic metre?
A)0 
B)1000 
C)2000 
D)3000 
E)4000

Quizplus · Accepted Answer

The market demand for cement at a price of $80 per cubic metre is 1000 cubic metres per month. This is the quantity demanded at that price, as shown by the intersection of the demand curve and the price line at $80.

Diagrams A,B,and C Show 3 Individual Consumers' Demand Curves for Cement.Consumers