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graywasp153Lv1
28 Sep 2019
You're given the following individual demand tables for comic books.
a. Calculate market demand.
Instructions: Enter your responses in the table below.
Price John Liz Alex DMarket
$2 18 12 36
4 16 11 32
6 14 10 28
8 12 9 20
10 10 8 18
12 8 7 14
14 6 6 7
16 4 5 3
b. If the current market price is $8, total market quantity demanded is comic books.
If the price falls to $4, total market quantity demanded is comic books.
You're given the following individual demand tables for comic books.
a. Calculate market demand.
Instructions: Enter your responses in the table below.
Price John Liz Alex DMarket
$2 18 12 36
4 16 11 32
6 14 10 28
8 12 9 20
10 10 8 18
12 8 7 14
14 6 6 7
16 4 5 3
b. If the current market price is $8, total market quantity demanded is comic books.
If the price falls to $4, total market quantity demanded is comic books.
Insha FatimaLv10
28 Sep 2019