In: Economics
Suppose that Shen and Valerie are the only consumers of pizza slices in a particular market. The following table shows their weekly demand schedules
Price (Dollars per slice) | Shen's Quantity Demanded (Slices) | Valerie's Quantity Demanded (Slices) |
---|---|---|
1 | 8 | 14 |
2 | 5 | 10 |
3 | 3 | 6 |
4 | 1 | 3 |
5 | 0 | 1 |
On the following graph, plot Shen's demand for pizza slices using the green points (triangle symbol). Next, plot Valerie's demand for pizza slices using the purple points (diamond symbol). Finally, plot the market demand for pizza slices using the blue points (circle symbol). Line segments will automatically connect the points. Remember to plot from left to right.
Market Demand
Price | Sens Q |
valerie Quantity |
Market Demand |
---|---|---|---|
$ 1 | 8 | 14 | 22 |
2 |
5 | 10 | 15 |
3 | 3 | 6 | 9 |
4 | 1 | 3 | 4 |
5 | 0 | 1 | 1 |