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6. Individual and market demand Suppose that Andrew and Beth are the only consumers of ice cream cones in a particular market. The following table

6. Individual and market demand

Suppose that Andrew and Beth are the only consumers of ice cream cones in a particular market. The following table shows their monthly demand schedules:

image text in transcribedimage text in transcribed
Price Andrew's Quantity Demanded Beth's Quantity Demanded (Dollars per cone) (Cones) (Cones) 8 14 2 5 10 6 W 4 3 5A 5 Andrew's Demand O 4 Beth's Demand 3 O PRICE (Dollars per cone) Market Demand 2 8 12 20 74 QUANTITY (Cones)

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