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Let's assume that each person in the United States consumes an average of 37 gallons ofsoft drinks (nondiet) at an average price of $2 per
- Let's assume that each person in the United States consumes an average of 37 gallons ofsoft drinks (nondiet) at an average price of $2 per gallon and that the U.S. population is 294 million. At a price of $1.50 per gallon, each individual consumer would demand 50 gallons of soft drinks. From this information about the individual demand schedule, calculate the market demand schedule for soft drinks for the prices of $1.50 and $2 per gallon.
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