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The following table shows the demand schedules of three consumers of wine. Assume that these three ...

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The following table shows the demand schedules of three consumers of wine. Assume that these three ...

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)
4	5	10	17
3	10	20	20
2	16	26	23
1	20	31	25

Refer to the table above. What is the market demand for wine when the price is $1?

▸ 51 units

▸ 80 units

▸ 50 units

▸ 76 units

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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