Price Raphael's Quantity Demanded Susan's Quantity Demanded (Dollars per slice) (Slices) (Slices) 16 3. 12 8 1. 4. 4. On the following graph, plot Raphael's demand for pizza slices using the green points (triangle symbol). Next, plot Susan's demand for pizza slices Using the purple points (diamond symbol). Finally, plot the market demand for pizza slices using the blue points (circle symbol).
Price Raphael's Quantity Demanded Susan's Quantity Demanded (Dollars per slice) (Slices) (Slices) 16 3. 12 8 1. 4. 4. On the following graph, plot Raphael's demand for pizza slices using the green points (triangle symbol). Next, plot Susan's demand for pizza slices Using the purple points (diamond symbol). Finally, plot the market demand for pizza slices using the blue points (circle symbol).
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question

Transcribed Image Text:2
On the following graph, plot Raphael's demand for pizza slices using the green points (triangle symbol). Next, plot Susan's demand for pizza slices
using the purple points (diamond symbol). Finally, plot the market demand for pizza slices using the blue points (circle symbol).
Note: Line segments will automatically connect the points. Remember to plot from left to right.
Raphael's Demand
Susan's Demand
Market Demand
4
8.
12
16
20
24
QUANTITY (Slices)
MacBook Air
PRICE (Dollars per slice)

Transcribed Image Text:Apps
Suppose that Raphael and Susan are the only consumers of pizza slices in a particular market. The following table shows their weekly demand
schedules:
Price
Raphael's Quantity Demanded
Susan's Quantity Demanded
(Dollars per slice)
(Slices)
(Slices)
1
16
3
12
2
8
4.
1
On the following graph, plot Raphael's demand for pizza slices using the green points (triangle symbol). Next, plot Susan's demand for pizza slices
using the purple points (diamond symbol). Finally, plot the market demand for pizza slices using the blue points (circle symbol).
Note: Line segments will automatically connect the points. Remember to plot from left to right.
(?
6.
Raphael's Demand
Susan's Demand
Market Demand
MacBook Air
PRICE (Dollars per slice)
Expert Solution
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Introduction
Market demand is the horizontal sum of all the individual demand at each price.
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