Suppose that Gilberto and Juanita are the only consumers of pizza slices in a particular market. The following table shows their annual demand schedules: Price (Dollars per slice) 1 2 3 4 5 Gilberto's Quantity Demanded Juanita's Quantity Demanded (Slices) (Slices) 40 70 25 50 15 30 5 15 0 5

Suppose that Gilberto and Juanita are the only consumers of pizza slices in a particular market. The following table shows their annual demand schedules: Price (Dollars per slice) 1 2 3 4 5 Gilberto's Quantity Demanded Juanita's Quantity Demanded (Slices) (Slices) 40 70 25 50 15 30 5 15 0 5

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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PRICE (Dollars per slice)
6
5
A
3
2
0
0
20
40
60
80
QUANTITY (Slices)
100
120
Gilberto's Demand
Juanita's Demand
Market Demand

3. Individual and market demand.
Suppose that Gilberto and Juanita are the only consumers of pizza slices in a particular market. The following table shows their annual demand
schedules:
Price
(Dollars per slice)
1
2
3
4
5
Gilberto's Quantity Demanded Juanita's Quantity Demanded
(Slices)
(Slices)
40
70
25
50
15
30
5
15
0
5
On the following graph, plot Gilberto's demand for pizza slices using the green points (triangle symbol). Next, plot Juanita'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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