One way of setting up Supply and Demand curves that can yield good understandingand insight into how a market operates and reaches equilibrium is to show individualand market demand on a single table.The table below shows demand schedules for 6 people (Ying, Som, Fon, Nam, Gob, andYam) and a market demand schedule for all 6 people combined (Market Demand).At a price of $3, Nam demands how many units?Quantity DemandedFonNamMarketDemandPriceYingSomGobYam1011242714491211338.52641372931710536210121910401171110748OO o O

At a price of $3, Nam demands how many units? Quantity Demanded Fon Nam Market Demand Price 10 9 Ying Som Gob Yam 1 1 8 7 2 2 4 1 4 4 9 1 3 4 21 26 5 1 1 8 3 7 8 29 1 7 10 10 5 36 40 2 1 10 9 1 1 7 12 11 10 7 48 23 의

At a price of $3, Nam demands how many units? Quantity Demanded Fon Nam Market Demand Price 10 9 Ying Som Gob Yam 1 1 8 7 2 2 4 1 4 4 9 1 3 4 21 26 5 1 1 8 3 7 8 29 1 7 10 10 5 36 40 2 1 10 9 1 1 7 12 11 10 7 48 23 의

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter4: Demand, Supply, And Market Equilibrium

Section: Chapter Questions

Problem 25P

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