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8 . Individual and market demand Suppose that Manuel and Poornima represent the only two consumers of laundry detergent in some hypothetical market. The following
Individual and market demand
Suppose that Manuel and Poornima represent the only two consumers of laundry detergent in some hypothetical market. The following table presents their annual demand schedules for laundry detergent:
Price
Manuels Quantity Demanded
Poornimas Quantity Demanded
Dollars per bottle
Bottles
Bottles
On the following graph, plot Manuels demand for laundry detergent using the green points triangle symbol Next, plot Poornimas demand for laundry detergent using the purple points diamond symbol Finally, plot the market demand for laundry detergent using the blue points circle symbol
Note: Line segments will automatically connect the points. Remember to plot from left to right.
Manuels Demand
Poornimas Demand
Market Demand
PRICE Dollars per bottle
QUANTITY Bottles
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