Exhibit 6.10

-Refer to Exhibit 6.10,which shows the demand curves for three consumers in the market,as represented by D,D',and D".At a price of $45,the market quantity demanded for the good is _____ units.

Question

Exhibit 6.10
 
-Refer to Exhibit 6.10,which shows the demand curves for three consumers in the market,as represented by D,D',and D".At a price of $45,the market quantity demanded for the good is _____ units.

Quizplus · Accepted Answer

At a price of $45, each consumer's demand can be determined from their respective demand curves. Consumer D demands 30 units, D' demands 30 units, and D" demands 30 units at this price. Adding these quantities together gives a total market demand of 90 units at the $45 price point.

Exhibit 6.10 -Refer to Exhibit 6.10,which Shows the Demand Curves for Three