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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 $3?

▸ 28 units

▸ 50 units

▸ 66 units

▸ 35 units

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 32 times

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ladwer

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More solutions for this book are available here

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dove298 Author

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Thanks

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Thanks for your help!!

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Thank you, thank you, thank you!

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