Assume that the market for cheeseburgers consists of only three individuals: Jerry, George, and Elaine. Here are their demand schedules:
From the information in demand schedules, answer the following questions:
a. If the price of a cheeseburger were $2, how many cheeseburgers would be sold?
b. If the price of a cheeseburger were $8, how many cheeseburgers would be sold?
c. Construct the market demand schedule for cheeseburgers.
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