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6. Individual and market demand Suppose that Jacques and Kyoko are the only consumers of shoes in a particular market. The following table shows their

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6. Individual and market demand Suppose that Jacques and Kyoko are the only consumers of shoes in a particular market. The following table shows their annual demand schedules: Price Jacques's Quantity Demanded (Dollars per pair) (Pairs) 10 32 20 20 30 12 40 4 50 0 Kyoko's Quantity Demanded (Pairs) 48 32 24 16 8 On the following graph, plot Jacques's demand for shoes using the green points (triangle symbol). Next, plot Kyoko's demand for shoes using the purple points (diamond symbol). Finally, plot the market demand fcuj shoes using the blue points (circle symbol). 80 50 40 30 20 PRICE (Dollars per pair) 10 0 + 1 + 0 16 32 48 64 80 96 QUANTITY (Pairs) Now, suppose that Kyoko's twin brother, who likes shoes just as m result, there will be a demanded v o Jacques's Demand == Kyoko's Demand =Q= Market Demand uch a Kyoko, moves to the area, adding another consumer in the market. As a w the market demand curve because there will be a change in quantity m Save & Continue Continue without saving

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