1. Suppose there are three buyers of chocolate candy in a market: Larry, Sally and Julie. The market demand and the individual demands of Larry, Sally and Julie for candy are given in the table below.

a.Fill in the table for the missing values.

b.Which buyer demands the least at a price of $5?The most at a price of $7?

c.Which buyer's quantity demanded increases the most when the price is lowered from $7 to $6?

d.Which direction would the market demand curve shift if Sally withdrew from the market? What if Larry doubled his purchases at each possible price?

e.Suppose that at a price of $6, the total quantity demanded increases from 19 to 38. Is this a "change in the quantity demanded" or a "change in demand"?

f.Briefly explain why a maker of chocolate candy would be interested in knowing this information?

Individual Price per Quantity Total Quantity Candy Demanded Demanded Sally Larry Julie $8 3 + 1 + C 8 + 2 + 12 6 + 3 + 4 19 5 17 + + 6 27 23 + 5 + 8