Question

3. The demand schedule and demand curve

Suppose that Paolo and Sharon are the only consumers of pizza slices in a particular market. The following table shows their annual demand schedules:

Price	Paolo's Quantity Demanded	Sharon's Quantity Demanded
(Dollars per slice)	(Slices)	(Slices)
1	40	60
2	25	40
3	15	30
4	5	20
5	0	10

On the following graph, plot Paolo's demand for pizza slices using the green points (triangle symbol). Next, plot Sharon's demand for pizza slices using the purple points (diamond symbol). Finally, plot the market demand for pizza slices using the blue points (circle symbol).

Now, suppose that Sharon's twin brother, who likes pizza just as much a Sharon, moves to the area, adding another consumer in the market. As a result, there will be a shift of the market demand curve because there will be a change in quantity demanded at every price

Answer 1

ANSWER:

Your answers are correct as seen in the graph , sharon's brother who likes pizza as much as sharon , moves to the area which means another person is added in the market, and therefore the market demand curve shifts towards right as more pizza is demanded at every price and movement along the demand curve happens when change in price causes the change in quantity demanded