Answered

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If the price in the market is of $2, and the market consists of Michelle, Laura, and John, what will be the value of the quantity demanded?

Sagot :

From the price given, the quantity demanded of the good from the table will be 35 units.

How to calculate the quantity demanded

From the complete information,

The price in the market is $2,

Quantity demanded by Michelle = 8

Quantity demanded by Laura = 10

Quantity demanded by John = 17

If the market consists of Michelle, Laura and John, then the quantity demanded will be:

= 8 + 10 + 17 = 35

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