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Individual Demand and Market DemandThe table shows the individual demand schedules in the market for ...

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Individual Demand and Market DemandThe table shows the individual demand schedules in the market for ...

Individual Demand and Market Demand

The table shows the individual demand schedules in the market for pecan pie.

Price	Quantity Demanded by Mason	Quantity Demanded by Jeremiah	Quantity Demanded by Grace
1	6	50	15
2	4	40	11
3	2	30	7
4	0	20	3

Assuming Mason, Jeremiah, and Grace make up the entire market for pecan pie, determine the market demand for pecan pie.
What is the market demand for pecan pie P=$3? At P=$4?

▸ 23, 16

▸ 39, 23

▸ 39, 16

▸ 23, 39

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 30 times

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