Question

Please help me with my Econ homework?

13. The demand schedule given below illustrates the guantity demanded 0 by two individual consumers in the market for hot dogs. Both Larry and Harry are consumers of hot dogs and make up the entire market Hot Dogs 2.00 Price Quantity Quantity Total Market per Demanded Demanded Demand Hot Dog by Larry 10 25 by Harry 15 30 $1.80 0.20 1.) Using the line drawing tool, draw a demand curve'" for each individual. Properly label each line. 2.) Using the line drawing tool, draw the market demand12 curve. Property label this line. Note: The endpoints of the curves must match the data provided in the table. Carefully follow the instructions above and only draw the required objects. 0. 0 10 20 30 40 50 60 TO 80 90 100 Quantity per month 9: Definition Demand schedule: A table showing how much of a given product a household would be willing to buy at different prices for a given time period. 10: Definition Quantity demanded: The amount (number of units) of a product that a household would buy in a given period if it could buy all it wanted at the current mark 11: Definition Demand curve: A graph illustrating how much of a given product a household would be willing to buy at different prices. 12: Definition Market demand: The horizontal sum of all the quantities of a good or service demanded per period by all the households buying in the market for that good 14. A change in quantity demanded is caused by a change in the price of the product O A. False O B. True

Answer 1

I have drawn all the three curves in one graph.

Demand schedule for Larry is blue line

Demand schedule for Harry is pencil line

The last third line is market demand schedule.