Scenario: a Market Researcher Asks Three Consumers, A, B, and C

question 44

Essay

Scenario: A market researcher asks three consumers, A, B, and C, about their willingness to pay for different quantities of a 20-ounce bottle of Lemon-Lime Gatorade. She collects the following information.

-Refer to the scenario above.Derive the market quantity demanded at each price and sketch the market demand curve for the graph below.

---

Definitions:

Displacement

Redirecting feelings from a threatening target to a less threatening one.

Obsession

A persistent, intrusive, and unwanted thought or urge that causes distress or anxiety.

Compulsion

An irresistible urge to behave in a certain way, especially against one's conscious wishes.

Compulsive Behaviors

Actions regularly carried out in response to an irresistible urge, often resulting in relief from anxiety or distress but not providing pleasure.