Refer to the figure below. If Laura and Chris are the only two consumers in this market, then at a price of $2.00 per pound, the market demand for hamburger is:
A)2 pounds per week
B)4 pounds per week
C)6 pounds per week
D)8 pounds per week

Question

Refer to the figure below. If Laura and Chris are the only two consumers in this market, then at a price of $2.00 per pound, the market demand for hamburger is: 
A)2 pounds per week 
B)4 pounds per week 
C)6 pounds per week 
D)8 pounds per week

Quizplus · Accepted Answer

The market demand at a price of $2.00 per pound is the sum of Laura's and Chris's individual demand at that price. Laura's demand at that price is 2 pounds per week, and Chris's demand at that price is 4 pounds per week. Adding these together gives a total market demand of 6 pounds per week.

Refer to the Figure Below