Question

Refer to the accompanying figures. If Mallory and Rick are the only two consumers in this market and the price of soda is $0.75 per can, then what will be the market demand for soda each month?

Answer 1

Answer:

the market demand is 50

Explanation:

The computation of the market demand for soda is shown below:

As we know that the market demand is the sum of the individual demand total

So in the given case, the market demand would be

= Mallory demand at $0.75 per can + Rick demand at $0.75 per can

= 30 + 20

= 50

Hence, the market demand is 50