The table shows the demand schedules for candy for Josie and
The table shows the demand schedules for candy for Josie and Tim (the only buyers in the market). Quantity demanded (bags per month) Price dollars per ban Tim Josie 1.00 3.00 Use the data in the table to draw three points on the market demand curve. Draw the market demand curve through the points. Label it. Price (dollars per bag) 12 Quantity (bags per month) Draw only the objects specified in the question
Solution
Plot point (9,1); (6,3) and (3,5) on the diagram to get market demand curve.
| Price | Josie | Tim | Market Demand |
| 1 | 3 | 6 | 9 |
| 3 | 2 | 4 | 6 |
| 5 | 1 | 2 | 3 |
