The following data reveal how much each consumer is willing to pay for an Alaskan cruise: Amy $900 Ed $2,000 Bob $1,100 Gigi $1,300 Carol $1,500 Hugo $1,800 Eduardo $400 Isabelle $1,500 Draw the market demand for these eight consumers on the accompanying graph

The following data reveal how much each consumer is willing to pay for an Alaskan cruise: Amy $900 Ed $2,000 Bob $1,100 Gigi $1,300 Carol $1,500 Hugo $1,800 Eduardo $400 Isabelle $1,500 Draw the market demand for these eight consumers on the accompanying graph

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter4: Supply And Demand: An Initial Look

Section: Chapter Questions

Problem 1DQ

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Question

The following data reveal how much each consumer is willing to pay for an Alaskan cruise:

Amy $900

Ed $2,000

Bob $1,100

Gigi $1,300

Carol $1,500

Hugo $1,800

Eduardo $400

Isabelle $1,500

Draw the market demand for these eight consumers on the accompanying graph

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