Suppose that Darnell and Eleanor are the only consumers of pizza slices in a particular market. The following table shows their weekly demand schedules: Price Darnell's Quantity Demanded Eleanor's Quantity Demanded (Dollars per slice) (Slices) (Sices) 1 8 14 2 6 10 3 4 6. 4 3 1 On the following graph, plot Darnell's demand for pizza slices using the green points (triangle symbol). Next, plot Eleanor'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.

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter3: Demand And Supply
Section: Chapter Questions
Problem 3SCQ: In an analysis of the market for paint, an economist discovers the facts listed below. State whether...
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On the following graph, plot Darnell's demand for pizza slices using the green points (triangle symbol). Next, plot Eleanor'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
Darnell's Demand
Eleanor's Demand
Market Demand
4
8
12
16
20
24
QUANTITY (Slices)
PRICE (Dollars per slice)
Transcribed Image Text:On the following graph, plot Darnell's demand for pizza slices using the green points (triangle symbol). Next, plot Eleanor'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 Darnell's Demand Eleanor's Demand Market Demand 4 8 12 16 20 24 QUANTITY (Slices) PRICE (Dollars per slice)
3. Individual and market demand
Suppose that Darnell and Eleanor are the only consumers of pizza slices in a particular market. The following table shows their weekly demand
schedules:
Price
Darnell's Quantity Demanded
Eleanor's Quantity Demanded
(Dollars per slice)
(Slices)
(Slices)
1
8
14
2
6
10
3
4
6
4
2
3
1
On the following graph, plot Darnell's demand for pizza slices using the green points (triangle symbol). Next, plot Eleanor'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.
Transcribed Image Text:3. Individual and market demand Suppose that Darnell and Eleanor are the only consumers of pizza slices in a particular market. The following table shows their weekly demand schedules: Price Darnell's Quantity Demanded Eleanor's Quantity Demanded (Dollars per slice) (Slices) (Slices) 1 8 14 2 6 10 3 4 6 4 2 3 1 On the following graph, plot Darnell's demand for pizza slices using the green points (triangle symbol). Next, plot Eleanor'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.
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