Question
In: Economics
Suppose that Shen and Valerie are the only consumers of pizza slices in a particular market
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.
Solutions
Expert Solution
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 |
Rahul Sunny answered 2 years agoRelated Solutions
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