Consider the Following Demand Table,which Represents the Demand for Comic

question 172

Essay

Consider the following demand table,which represents the demand for comic books by John,Liz,and Alex. $$\begin{array} { | c | r | r | r | r | r | } \hline & \begin{array} { c } \text { Price } \\\text { (in } \$ \text { ) }\end{array} & \begin{array} { c } \text { John's } \\\text { Demand }\end{array} & \begin{array} { c } \text { Liz's } \\\text { Demand }\end{array} & \begin{array} { c } \text { Alex's } \\\text { Demand }\end{array} & \begin{array} { c } \text { Market } \\\text { Demand }\end{array} \\\hline \mathrm { A } & \$ 2 & 4 & 10 & 6 & \\\hline \mathrm { B } & 4 & 4 & 9 & 5 & \\\hline \mathrm { C } & 6 & 0 & 8 & 4 & \\\hline \mathrm { D } & 8 & 0 & 7 & 3 & \\\hline \mathrm { E } & 10 & 0 & 6 & 2 & \\\hline \mathrm { F } & 12 & 0 & 5 & 1 & \\\hline \mathrm { G } & 14 & 0 & 4 & 0 & \\\hline \mathrm { H } & 16 & 0 & 3 & 0 & \\\hline\end{array}$$ (a)Fill in the "market demand" column of the above table.
(b)Use the grid below to draw the demand curves for comic books of John,Liz,and Alex.Then draw in the market demand curve. (c)Notice that Liz's demand is everywhere to the right of Alex's demand.Can you conclude from this that Liz likes comic books more than Alex does? Explain.

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Definitions:

Triangulation

The use of multiple methods or data sources in research to improve the accuracy and validity of results by cross-verifying findings.

Ethnography

A qualitative research method focused on studying cultures, practices, and communities through observation and participation.

Sociometry

A quantitative method for measuring social relationships, used to identify the structure of groups and the position of individuals within them.