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Attempts IE] Keep the Highest 1/ 2 6. Individual and market demand Suppose that Shen and Valerie are the only consumers of shoes in a
Attempts IE] Keep the Highest 1/ 2 6. Individual and market demand Suppose that Shen and Valerie are the only consumers of shoes in a particular market. The following table shows their annual demand schedules: Price Shen's Quantity Demanded Valerie's Quantity Demanded (Dollars per pair) (Pairs) (Pairs) 10 32 56 20 24 40 30 16 24 40 g 12 50 0 4 On the following graph, plot Shen's demand for shoes using the green points (triangle symbol). Next, plot Valerie's demand for shoes using the purple points (diamond symbol). Finally, plot the market demand for shoes using the blue points (circle symbol). Now, suppose that Valerie's twin brother, who likes shoes just as much a Valerie, moves to the area, adding another consumer in the market. As a result, there will be a w the market demand curve because there will be a change in quantity demanded First blank: Shift of / Movement along Second blank: at every price / due to a change in price
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