Table 4-3
-Refer to Table 4-3. If these are the only four buyers in the market, then the market quantity demanded at a price of $1 is
A)4 units.
B)7.75 units.
C)14 units.
D)31 units.

Question

Table 4-3 
-Refer to Table 4-3. If these are the only four buyers in the market, then the market quantity demanded at a price of $1 is
A)4 units. 
B)7.75 units. 
C)14 units. 
D)31 units.

Quizplus · Accepted Answer

The market quantity demanded is the sum of the quantities demanded by all buyers at a given price. If the table shows that each of the four buyers demands a certain number of units at $1, adding these quantities will give the total market demand.

Table 4-3 -Refer to Table 4-3. If These Are the Only Four