The table shows Maxs, Igors, and Lizas demand schedules for potatoes. Assume that Max, Igor, and Liza
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Question:
- The table shows Max’s, Igor’s, and Liza’s demand schedules for potatoes. Assume that Max, Igor, and Liza comprise the entire market and complete the table by calculating the market demand schedule.
Price (EUR per kilogram) | Quantity demanded (kilograms per week) | |||
Max | Igor | Liza | Market | |
€0.50 | 10 | 4 | 10 | |
0.75 | 9 | 2 | 7 | |
1.00 | 8 | 0 | 4 | |
1.25 | 7 | 0 | 1 | |
Label the x-axis and y-axis. On a diagram below, draw the market demand curve.
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