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Title: The following table shows the demand schedules of three consumers of wine. Assume that these three ...
Post by: dove298 on Dec 11, 2022
The following table shows the demand schedules of three consumers of wine. Assume that these three buyers constitute the entire market.

Price
($ per unit)
Consumer 1 Demand (units)Consumer 2 Demand (units)Consumer 3 Demand (units)
451017
3102020
2162623
1203125


Refer to the table above. What is the market demand for wine when the price is $3?

▸ 28 units

▸ 50 units

▸ 66 units

▸ 35 units


Title: The following table shows the demand schedules of three consumers of wine. Assume that these three ...
Post by: ladwer on Dec 11, 2022
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