Question
8. Individual and market demand Suppose that Antonio and Caroline represent the only two consumers of blueberry muffins in some hypothetical market. The following table
8. Individual and market demand
Suppose that Antonio and Caroline represent the only two consumers of blueberry muffins in some hypothetical market. The following table presents their weekly demand schedules for blueberry muffins:
Price | Antonio's Quantity Demanded | Caroline's Quantity Demanded |
---|---|---|
(Dollars per muffin) | (Muffins) | (Muffins) |
1 | 8 | 12 |
2 | 6 | 8 |
3 | 4 | 6 |
4 | 2 | 4 |
5 | 0 | 2 |
On the following graph, plot Antonio's demand for blueberry muffins using the green points (triangle symbol). Next, plot Caroline's demand for blueberry muffins using the purple points (diamond symbol). Finally, plot the market demand for blueberry muffins 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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