Author Question: The table shows the individual demand schedules in the market for wrenches.PriceQuantity Demanded by ... (Read 78 times)

hjfhdiskkjs · **on:** Nov 23, 2022

Question 1

The Demand Curve

The table shows the demand schedule for blackberries.

Price	Quantity Demanded
1	130
2	120
3	110
4	100
5	90

Assuming that the demand for blackberries is linear, what quantity is demanded at a price of $1.50?
◦ 110
◦ 125
◦ 155
◦ 170

Question 2

The table shows the individual demand schedules in the market for wrenches.

Price	Quantity Demanded by Antoinette	Quantity Demanded by Raphael	Quantity Demanded by Mathilde
1	12	40	16
2	8	30	12
3	4	30	8
4	0	10	4

Assuming Antoinette, Raphael, and Mathilde make up the entire market for wrenches, determine the market demand for wrenches.
At what price is the market demand 46 wrenches?
◦ 7.33
◦ -823.22
◦ 827.94
◦ 2.22

sadoniam · **Reply #1 on:** Nov 23, 2022

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