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JZ240 JZ240
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A year ago

Diagrams A, B, and C show 3 individual consumers' demand curves for cement. Consumers A, B, and C constitute the entire monthly cement market in this region.

Short description: Three graphs, A to C plot cubic metres of cement per month against price. Long description: In each graph, the horizontal axis representing cubic metres of cement per month ranges from 2000 to 8000, in increments of 2000. The vertical axis representing price in dollars ranges from 10 to 100, in increments of 10. The first graph, A shows a line that passes through (0, 100), (1000, 80), (2000, 60), (3000, 40), (4000, 20), and (5000, 0). The second graph, B shows a line that passes through (0, 30), (5000, 25), and (8000, 20). The third graph, C shows a line that passes through (0, 70), (1000, 60), (2000, 50), (3000, 40), (4000, 30), (5000, 20), (6000, 10), and (7000, 0). Note: all values are approximate.

FIGURE 6-3

Refer to Figure 6-3. What is the market demand (in cubic metres per month) for cement at a price of $60 per cubic metre?



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Textbook 
Microeconomics

Microeconomics


Edition: 17th
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Tram N.Tram N.
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