Principles of Microeconomics

Question 12

Please label when graphing

E Homework: ASSESS Chapter 3 Homework Question list 0 Question 10 0 Question 11 0 Question 12 0 Question 13 0 Question 14 I? Question 12, Concept Question 3.8 The demand schedule given below illustrates the quantity demanded by two individual consumers in the market for hot dogs. Both Larry and Harry are consumers of hot dogs and make up the entire market. Price Quantity Quantity Total Market per Demanded Demanded Demand Hot Dog by Larry by Harry $1.80 15 20 '2 0.20 30 40 7 1.) Using the line drawing tool, draw a demand curve for each individual. Properly label each line. 2.) Using the line drawing tool, draw the market demand curve, Properly label this line. Note: The endpoints of the curves must match the data provided in the table. Careful/y follow the instructions above and only draw the required objects. HW Score: 75.73%, 18.93 of 25 points 0 Points: 0 of1 Price per unit ($) Hot Dogs 2.00 1.80 1.60 Vi 1.40 1.20 1.00 0.80 0.60 0.40 0.20 0.00 0 10 20 30 40 50 60 70 80 90 100 Quantity per month