This table shows individual demand schedules for a market. According to the table shown, if the price were $0.50, what will total demand by Betty and Barney be?

Name: This table shows individual demand schedules for a market. According to the table shown, if the price were $0.50, what will total demand by Betty and Barney be?
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Question

This table shows individual demand schedules for a market.  According to the table shown, if the price were $0.50, what will total demand by Betty and Barney be?

Quizplus · Accepted Answer

At a price of $0.50, Betty will demand 12 units and Barney will demand 24 units. The total demand by both will be 12 + 24 = 36. Therefore, the answer is choice B.

This Table Shows Individual Demand Schedules for a Market