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ohaa [14]
4 years ago
14

(Table) If Jake and Sue are the only buyers of the local pizzeria's pizza, what is the market demand for pizzas at each of the p

rices listed, starting at the market price of $5? QJ is the quantity demanded at each price by Jake, and QS is the quantity demanded at each price by Sue.
Business
1 answer:
IrinaK [193]4 years ago
8 0

Answer:

This is the table that the question is referring to:

Price       QJ         QS

5              4             2

10             3             1

15             2            0

20            1             0

Total market demand is the sum of the individual market demands. In this market, it is the sum of the market demand of Jake and Sue.

Market demand at the price of $5 is 7 pizzas.

Market demand at the price of $10 is 4 pizzas.

Market demand at the price of $15 is 2 pizzas.

Market demand at the price of $20 is 1 pizza.

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