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8. Individual and market demand Suppose that Rajiv and Simone represent the only two consumers of jeans in some hypothetical market. The following table presents
8. Individual and market demand Suppose that Rajiv and Simone represent the only two consumers of jeans in some hypothetical market. The following table presents their annua demand schedules for jeans: Price Rajiv's Quantity Demanded Simone's Quantity Demanded {Dollars per pair) (Pairs) (Pairs) 10 32 45 20 20 32 30 12 24 40 4 15 50 0 8 On the following graph, plot Rajiv's demand for jeans using the green points (triangle symbol). Next, plot Simone's demand for jeans using the purple points (diamond symbol). Finally, plot the market demand for jeans using the blue points (circle symbol). Note: Line segments will automatically connect the points. Remember to plot from left to right. 50 50 Rajiv's Demand 40 Simone's Demand 30 O PRICE (Dollars per pair) Market Demand 20 10 16 32 48 64 80 96 QUANTITY (Pairs)
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