Suppose the Market for Shoes Consists of Three Consumers At $100 Per Pair, Market Demand:
A)intersects the Y-Axis

question 28

Multiple Choice

Suppose the market for shoes consists of three consumers. The table below shows the quantity demanded at various prices for each consumer: $$\begin{array} { | c | c | c | c | } \hline \begin{array} { c } \text { Price Per } \\\text { Pair }\end{array} & \begin{array} { c } \text { Pairs } \\\text { Demanded } \\\text { by Pat }\end{array} & \begin{array} { c } \text { Pairs } \\\text { Demanded } \\\text { by Leigh }\end{array} & \begin{array} { c } \text { Pairs } \\\text { Demanded } \\\text { by Chris }\end{array} \\\hline \$ 100 & 0 & 1 & 0 \\\hline \$ 75 & 0 & 3 & 1 \\\hline \$ 50 & 1 & 7 & 3 \\\hline \$ 30 & 2 & 10 & 5 \\\hline\end{array}$$ At $100 per pair, market demand:

• A)intersects the y-axis.
• B)intersects the x-axis.
• C)is the same as Leigh's demand.
• D)is less than the quantity supplied.

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