Complete Table 3.1.Then answer the indicated question. $\text { Quantity Demanded by }$
$\begin{array}{rccc}
\text { Price}&\text { Alejandro}&\text { Ben }&\text {Carl }&\text {Market }\
\$ 8.00 & 8 & 4 & 2&\_\_\_ \
6.00 & 12 & 4 & 4&\_\_\_ \
4.00 & 20 & 4 & 6 &\_\_\_\
2.00 & 22 & 4 & 6&\_\_\_
\end{array}$ $\text { Quantity Supplied by }$
$\begin{array}{lcll}
\text { Price}&\text { Avery}&\text { Brandon }&\text {Cassandra }\
\$ 8.00 & 60 & 4 & 6&\_\_\_ \
\$ 6.00 & 42 & 4 & 4&\_\_\_ \
\$ 4.00 & 24 & 4 & 2&\_\_\_ \
\$ 2.00 & 6 & 4 & 0&\_\_\_
\end{array}$ Table 3.1 Individual Demand and Supply Schedules
In Table 3.1,the equilibrium market quantity is

Question

Quizplus · Accepted Answer

The equilibrium market quantity is where quantity demanded equals quantity supplied. At $4.00, the market demand is 30 (20+4+6) and the market supply is also 30 (24+4+2).

Complete Table 3 Quantity Demanded by \text { Quantity Demanded by } Quantity Demanded by Quantity Supplied by \text { Quantity Supplied by } Quantity Supplied by

Complete Table 3 $\text { Quantity Demanded by }$ $\text { Quantity Supplied by }$