NARRBEGIN: Exhibit 6-17
Exhibit 6-17

-Refer to exhibit 6-17. If D, D' and D'' represents the demand curves for the only three consumers in a market, then the market quantity demanded at a price of $45 will be:

Question

NARRBEGIN: Exhibit 6-17
Exhibit 6-17
 
-Refer to exhibit 6-17. If D, D' and D'' represents the demand curves for the only three consumers in a market, then the market quantity demanded at a price of $45 will be:

Quizplus · Accepted Answer

The market quantity demanded is the sum of the quantities demanded by all consumers at a given price. If D, D', and D'' are the demand curves for the three consumers, you need to add the quantities each consumer demands at the price of $45 to find the total market quantity demanded.

NARRBEGIN: Exhibit 6-17 Exhibit 6-17