Imagine that Antonio and Caroline are the only consumers of pizza slices in a particular market. The
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Question:
Imagine that Antonio and Caroline are the only consumers of pizza slices in a particular market. The following table shows their annual demand schedules:
Price | Antonio’s Quantity Demanded | Caroline’s Quantity Demanded |
---|---|---|
(Dollars per slice) | (Slices) | (Slices) |
1 | 40 | 80 |
2 | 25 | 60 |
3 | 15 | 40 |
4 | 5 | 30 |
5 | 0 | 20 |
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