Table 3.2
-Refer to Table 3.2.The table above shows the demand schedules for Kona coffee of two individuals (Luke and Ravi)and the rest of the market.At a price of $6, the quantity demanded in the market would be
A)36 kg.
B)68 kg.
C)89 kg.
D)123 kg.

Question

Table 3.2 
-Refer to Table 3.2.The table above shows the demand schedules for Kona coffee of two individuals (Luke and Ravi)and the rest of the market.At a price of $6, the quantity demanded in the market would be
A)36 kg. 
B)68 kg. 
C)89 kg. 
D)123 kg.

Quizplus · Accepted Answer

At a price of $6, Luke demands 6 kg and Ravi demands 10 kg. The rest of the market demands 73 kg. Adding these quantities together, the total quantity demanded in the market at a price of $6 is 6 + 10 + 73 = 89 kg. Therefore, the correct answer is (C) 89 kg.

Table 3.2 -Refer to Table 3.2.The Table Above Shows the Demand Schedules