The table below shows the weekly demand for hamburger in a market where there are just three buyers. Refer to the above table. If the price of hamburger falls from $5 to $3, then the weekly market quantity demanded will:

Question

The table below shows the weekly demand for hamburger in a market where there are just three buyers.  Refer to the above table. If the price of hamburger falls from $5 to $3, then the weekly market quantity demanded will:

Quizplus · Accepted Answer

When the price falls from $5 to $3, the quantity demanded by each buyer increases from 8 to 17, 12 to 21, and 4 to 14 respectively. So the total quantity demanded in the market goes up from 24 to 52. Therefore, the correct option is A, which shows an increase in the market quantity demanded from 24 to 52.

The Table Below Shows the Weekly Demand for Hamburger in a Market