The table below shows the quantities demanded of yoghurt per week by different families at various prices.Price of Pack ofAbby's Family Ronda's Family Joan's Family Mark's FamilyYoghurt$3.00151214$4.00121010$5.001719$6.00If these families are the only buyers in this market and the price of a pack of yoghurt is $5.00, what is the market demand? Explainyour answer.

Individual demand for a product is its quantity demanded by a single consumer. It is determined by…

The table below shows the quantities demanded of yoghurt per week by different families at various prices. Price of Pack of Yoghurt $3.00 Abby's Family Ronda's Family Joan's Family Mark's Family 15 12 14 $4.00 12 10 10 $5.00 $6.00 If these families are the only buyers in this market and the price of a pack of yoghurt is $5.00, what is the market demand? Explain your answer

The table below shows the quantities demanded of yoghurt per week by different families at various prices. Price of Pack of Yoghurt $3.00 Abby's Family Ronda's Family Joan's Family Mark's Family 15 12 14 $4.00 12 10 10 $5.00 $6.00 If these families are the only buyers in this market and the price of a pack of yoghurt is $5.00, what is the market demand? Explain your answer

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter4: Demand, Supply, And Market Equilibrium

Section: Chapter Questions

Problem 21P

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