Suppose the market for shoes consists of three consumers. The table below shows the quantity demanded at various prices for each consumer: $$\begin{array} { | c | c | c | c | }
\hline \begin{array} { c }
\text { Price Per } \
\text { Pair }
\end{array} & \begin{array} { c }
\text { Pairs } \
\text { Demanded } \
\text { by Pat }
\end{array} & \begin{array} { c }
\text { Pairs } \
\text { Demanded } \
\text { by Leigh }
\end{array} & \begin{array} { c }
\text { Pairs } \
\text { Demanded } \
\text { by Chris }
\end{array} \
\hline \$ 100 & 0 & 1 & 0 \
\hline \$ 75 & 0 & 3 & 1 \
\hline \$ 50 & 1 & 7 & 3 \
\hline \$ 30 & 2 & 10 & 5 \
\hline
\end{array}$$ What is the market demand for shoes when the price is $50 a pair?
A)7 pairs
B)11 pairs
C)15 pairs
D)It will depend on the quantity supplied when the price is $50 a pair.

Question

Suppose the market for shoes consists of three consumers. The table below shows the quantity demanded at various prices for each consumer: $$\begin{array} { | c | c | c | c | } 
\hline \begin{array} { c } 
\text { Price Per } \
\text { Pair }
\end{array} & \begin{array} { c } 
\text { Pairs } \
\text { Demanded } \
\text { by Pat }
\end{array} & \begin{array} { c } 
\text { Pairs } \
\text { Demanded } \
\text { by Leigh }
\end{array} & \begin{array} { c } 
\text { Pairs } \
\text { Demanded } \
\text { by Chris }
\end{array} \
\hline \$ 100 & 0 & 1 & 0 \
\hline \$ 75 & 0 & 3 & 1 \
\hline \$ 50 & 1 & 7 & 3 \
\hline \$ 30 & 2 & 10 & 5 \
\hline
\end{array}$$ What is the market demand for shoes when the price is $50 a pair?
A)7 pairs
B)11 pairs
C)15 pairs
D)It will depend on the quantity supplied when the price is $50 a pair.

Quizplus · Accepted Answer

To find the market demand for shoes when the price is $50 a pair, we add the quantity demanded by each of the three consumers at that price:

Pat: 1 pair 
Leigh: 7 pairs 
Chris: 3 pairs

Total: 1 + 7 + 3 = 11 pairs

Therefore, the market demand for shoes when the price is $50 a pair is 11 pairs. The correct choice is (B).

Suppose the Market for Shoes Consists of Three Consumers What Is the Market Demand for Shoes When the Price