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Du& Friday 01.25.19 at 12A Attempts: Keop the Highest: /1 3. Individual and market d Suppose that Bob and Cho are the only consumers of ice cream cones in a particular market. The following table shows their monthly demand Chos Quantity Demanded (Cones) 16 12 Bobs Quantity Demanded (Cones) Price (Dollars per cone) On the following graph, plot Bobs demand for ice cream cones using the green points (triangle symbol). Next, plot Chos demand for ice cream cone using the purple points (diamond symbol), inally, plot the market demand for ice cream cones using the blue points (arcle symbo), Line segments using the purple points (diamond symbol). Finally, plot the market demand for ice cream will automatically connect the points. Remember to plot from left to nght. cczot Sullabus (1) doc
Bobs demand for ice cream cones using the green ports (triangle symbol). Next, plot Chos demand for ice cream cones diamond symbol). Finally, plot the market demand for ice cream cones using the blue ports (arcie symbol using the purple ports Line segments
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Answer #1

Market demand is sum total of individual demand.

Market demand = Bob's demand + Cho's demand

Price Bobs Qd Chos Qd Market demand 16 12 1 24 2 17 4 1 C) 4 4

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