Refer to the table that presents Mike and Janet's demand for apples by the bushel. If they are the only two in the market, which of the following represents a point on the market demand curve? $\begin{array}{|c|c|c|}
\hline \text { Price per peck } & \text { Mike Quantity in pecks } & \text { Janet Quantity in pecks } \
\hline \$ 1 & 22 & 6 \
\hline \$ 2 & 18 & 3 \
\hline \$ 3 & 14 & 0 \
\hline \$ 4 & 10 & 0 \
\hline \$ 5 & 6 & 0 \
\hline
\end{array}$

A) price = $1, quantity = 18
B) price = $2, quantity = 21
C) price = $4, quantity = 0
D) price = $4, quantity = 21

Question

Refer to the table that presents Mike and Janet's demand for apples by the bushel. If they are the only two in the market, which of the following represents a point on the market demand curve? $\begin{array}{|c|c|c|}
\hline \text { Price per peck } & \text { Mike Quantity in pecks } & \text { Janet Quantity in pecks } \
\hline \$ 1 & 22 & 6 \
\hline \$ 2 & 18 & 3 \
\hline \$ 3 & 14 & 0 \
\hline \$ 4 & 10 & 0 \
\hline \$ 5 & 6 & 0 \
\hline
\end{array}$

A) price = $1, quantity = 18
B) price = $2, quantity = 21
C) price = $4, quantity = 0
D) price = $4, quantity = 21

Quizplus · Accepted Answer

The market demand curve is the sum of individual demands. At price $2, Mike demands 18 pecks and Janet demands 3 pecks, totaling 21 pecks.

Refer to the Table That Presents Mike and Janet's Demand