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In: Economics

Suppose that Edison and Hilary are the only consumers of shoes in a particular market. The...

Suppose that Edison and Hilary are the only consumers of shoes in a particular market. The following table shows their annual demand schedules: Price Edison’s Quantity Demanded Hilary’s Quantity Demanded (Dollars per pair) (Pairs) (Pairs) 10 24 56 20 12 40 30 8 24 40 4 12 50 0 4 On the following graph, plot Edison’s demand for shoes using the green points (triangle symbol). Next, plot Hilary’s demand for shoes using the purple points (diamond symbol). Finally, plot the market demand for shoes using the blue points (circle symbol). Note: Line segments will automatically connect the points. Remember to plot from left to right.

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