Suppose the market for ice cream cones is made up of three​ consumers: Josh,​ Curt, and Tim. Complete the information in the following table to construct the market demand curve for ice cream cones.   Josh Curt Tim Market PRICE QUANTITY DEMANDED​ (CONES PER​ WEEK) QUANTITY DEMANDED​ (CONES PER​ WEEK) QUANTITY DEMANDED​ (CONES PER​ WEEK) QUANTITY DEMANDED​ (CONES PER​ WEEK) ​$1.75 3 0 0 nothing 1.50 6 2 1 nothing 1.25 8 3 2 nothing 1.00 9 5 3 nothing 0.75 11 6 4 nothing     Market Demand: Ice Cream Cones 036912151821240.000.250.500.751.001.251.501.752.00Quantity (cones per week)Price (dollars per cone)         interactive graph

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
Problem 7P
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Suppose the market for ice cream cones is made up of three​ consumers: Josh,​ Curt, and Tim. Complete the information in the following table to construct the market demand curve for ice cream cones.
 
Josh
Curt
Tim
Market
PRICE
QUANTITY DEMANDED​ (CONES PER​ WEEK)
QUANTITY DEMANDED​ (CONES PER​ WEEK)
QUANTITY DEMANDED​ (CONES PER​ WEEK)
QUANTITY DEMANDED​ (CONES PER​ WEEK)
​$1.75
3
0
0
nothing
1.50
6
2
1
nothing
1.25
8
3
2
nothing
1.00
9
5
3
nothing
0.75
11
6
4
nothing
 
 
Market Demand: Ice Cream Cones
036912151821240.000.250.500.751.001.251.501.752.00Quantity (cones per week)Price (dollars per cone)
 
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interactive graph
 
 
 
 
 
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