Home /
Expert Answers /
Economics /
table-3-1-1-table-table-ground-sunil-39-s-mia-39-s-table-rest-of-market-market-table-prate-pa767
(Solved): Table 3-1 1 \table[[\table[[Ground]],Sunil's,Mia's,\table[[Rest of],[Market]],Market],[\table[[Prate ...
Table 3-1 1 \table[[\table[[Ground]],Sunil's,Mia's,\table[[Rest of],[Market]],Market],[\table[[Prate per lb.],[(dollars)]],\table[[Quantity],[Demanded],[(Ibs)]],\table[[Quantity],[Demanded],[(Ibs)]],\table[[Quantity],[Demanded],[(Ibs)]],\table[[Quantity],[Demanded],[(Ibs)]]],[
$8,4,0,30,],[6,7,2,40,],[5,9,3,51,],[4,12,5,64,],[3,15,8,90,]] Refer to Table 3-1. The table above shows the demand schedules for ground coffee of two individuals (Sunil and Mia) and the rest of the market. At a price of
$4, the quantity demanded in the market would be
81lbs. 76 lbs 146 lbs. 63 lbs.
