Table 3-2

-Refer to Table 3-2.The table above shows the demand schedules for cashews of two individuals (Jordy and Amy)and the rest of the market.At a price of $6,the quantity demanded in the market would be
A)87 lbs.
B)95 lbs.
C)103 lbs
D)215 lbs.

Question

Table 3-2
 
-Refer to Table 3-2.The table above shows the demand schedules for cashews of two individuals (Jordy and Amy)and the rest of the market.At a price of $6,the quantity demanded in the market would be
A)87 lbs. 
B)95 lbs. 
C)103 lbs 
D)215 lbs.

Quizplus · Accepted Answer

At a price of $6, Jordy demands 3 lbs, Amy demands 4 lbs, and the rest of the market demands 96 lbs. Adding these together (3 + 4 + 96) gives a total of 103 lbs.

Table 3-2 -Refer to Table 3-2.The Table Above Shows the Demand Schedules