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, a market demand curve derived from this data would show quantity demanded is: $\begin{array}{|c|c|c|}
\hline \text { Price per peck } & \text { Mike Quantity in pecks } & \text { Janet Quantity in pecks } \
\hline \$ 1 & 22 & 6 \
\hline \$ 2 & 18 & 3 \
\hline \$ 3 & 14 & 0 \
\hline \$ 4 & 10 & 0 \
\hline \$ 5 & 6 & 0 \
\hline
\end{array}$

A) 22 at price = $1 and 18 at price = $2.
B) 21 at price = $1 and 17 at price = $2.
C) 28 at price = $1 and 21 at price = $2.
D) 21 at price = $1 and 28 at price = $2.

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, a market demand curve derived from this data would show quantity demanded is: $\begin{array}{|c|c|c|}
\hline \text { Price per peck } & \text { Mike Quantity in pecks } & \text { Janet Quantity in pecks } \
\hline \$ 1 & 22 & 6 \
\hline \$ 2 & 18 & 3 \
\hline \$ 3 & 14 & 0 \
\hline \$ 4 & 10 & 0 \
\hline \$ 5 & 6 & 0 \
\hline
\end{array}$

A) 22 at price = $1 and 18 at price = $2.
B) 21 at price = $1 and 17 at price = $2.
C) 28 at price = $1 and 21 at price = $2.
D) 21 at price = $1 and 28 at price = $2.

Quizplus · Accepted Answer

The market demand is the sum of individual demands. At $1, Mike demands 22 and Janet demands 6, totaling 28. At $2, Mike demands 18 and Janet demands 3, totaling 21.

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