At the price of $3,consumers A,B,C,and D demand 10 units,12 units,14 units,and 8 units of commodity A respectively.Calculate the market demand for commodity A at $3 assuming that A,B,C,and D are the only four consumers of this product.

Question

Quizplus · Accepted Answer

To calculate the market demand, we simply add up the individual demands of all consumers at a particular price. Here, at $3, the demand for A by consumer A is 10 units, by consumer B is 12 units, by consumer C is 14 units, and by consumer D is 8 units.

Therefore, the total demand for A at $3 is:

10 + 12 + 14 + 8 = 44 units

Hence, the correct answer is choice A.

At the Price of $3,consumers A,B,C,and D Demand 10 Units,12