You’re given the following individual demand tables for comic books.
a. Calculate market demand.
Instructions: Enter your responses in the table below.
Price John Liz Alex DMarket
$2 10 18 28
4 9 16 24
6 8 14 20
8 7 12 16
10 6 10 12
12 5 8 8
14 4 6 4
16 3 4 0
b. If the current market price is $8, total market quantity demanded is Economic books.
c. If price rises to $14, total market quantity demanded is Economic books.