Question: Need assistance with solving. X Text Problem 3-15 In the figure to the right. what are the effects of a price Increase from $4 per

Need assistance with solving.

Need assistance with solving. X Text Problem 3-15 In the figure to

X Text Problem 3-15 In the figure to the right. what are the effects of a price Increase from $4 per portable power bank to $7 per portable power bank on the quantities demanded by Buyer 1 and by Buyer 2 individually and combined? 1.) Using the line drawing tool, draw the market demand curve for the two buyers. Label this line 'D. 2.) Using the point drawing tool, indicate on Buyer 1's demand curve. D. . the quantity demanded when the price is $4 per portable power bank. Label this point A." 3.) Using the point drawing fool, Indicate on Buyer 2's demand curve, Do, the quantity demanded when the price is $4 per portable power bank. Label this point "A2." 4.) Using the point drawing fool, indicate on the market demand curve for the two buyers, D, the quantity demanded when the price Is $4 por portable power bank Label this point 'A." Price py Portable Power Bank (5) Carefully follow the instructions above, and only drew the required objects. 1.) Using the point drawing tool. indicate on Buyer 1's demand curve. D. . the quantity demanded 6 12 16 20 24 28 32 36 40 when the price is $7 per portable power bank. Label this point B. ' Portable Power Barks por Your 2.) Using the point drawing tool. Indicate on Buyer 2's demand curve, D., the quantity demanded when the price is $7 par portable power bank. Label this point "By.' 1.) Using the point drawing fool, indicate on the market demand curve for the two buyers, D. the quantity demanded when the price is $7 per portable power bank Label this point 'B." Carefully follow the instructions above, and only draw the required objects

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