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Price of Ice Cream ConesJesseMissy$156244332421510The table above shows the quantity of ice cream ...

tootsiebrowny

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Price of Ice Cream ConesJesseMissy$156244332421510The table above shows the quantity of ice cream ...

Price of Ice Cream Cones	Jesse	Missy
$1	5	6
2	4	4
3	3	2
4	2	1
5	1	0

The table above shows the quantity of ice cream cones demanded by Jesse and Missy, the only two people in town who eat ice cream cones. What can we say about the market quantity demanded at a price of $4 per cone if Jesse suddenly became lactose intolerant and could no longer eat ice cream cones?

▸ The quantity demanded in the market would be 1.

▸ The quantity demanded in the market would be 3.

▸ The market demand curve would be the same as Missy's demand curve.

▸ The quantity demanded in the market would be more than 3.

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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manuella14

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tootsiebrowny Author

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Correct

ethom947

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Brilliant ツ

Turboturner

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Good timing, thanks!

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