Question

Suppose that Dmitri and Frances are the only consumers of ice cream cones in a particular market. The following table shows their monthly demand schedules:

Price	Dmitri’s Quantity Demanded	Frances’s Quantity Demanded
(Dollars per cone)	(Cones)	(Cones)
1	8	14
2	5	10
3	3	6
4	1	3
5	0	1

On the following graph, plot Dmitri’s demand for ice cream cones using the green points (triangle symbol). Next, plot Frances’s demand for ice cream cones using the purple points (diamond symbol). Finally, plot the market demand for ice cream cones using the blue points (circle symbol). Line segments will automatically connect the points. Remember to plot from left to right.

Answer 1

Following is the complete table -

Price	Dmitri's quantity demanded	France's quantity demanded	Market Demand
1	8	14	22
2	5	10	15
3	3	6	9
4	1	3	4
5	0	1	1

Following is the required figure -

Price 3 France's Market demand Dmitri's demand curve demand curve curve 20 24 Quantity 4 12 16