Suppose That There Are Only Three Consumers of a Product

question 176

Multiple Choice

Suppose that there are only three consumers of a product. At a price of $3 per unit, the first consumer would buy 6 units of the product, the second consumer would buy 5 units, and the third consumer would buy 7 units of the product. If you drew a market demand curve for this product, the quantity demanded at a price of $3 would be:

• A) 13 units.
• B) 18 units.
• C) 11 units.
• D) unable to be determined based on the information provided.