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

question 24

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:

Somatic Reflex

An automatic response of the body that involves the reflex arcs mediated at the level of the spinal cord without conscious control.

Autonomic Reflex

An involuntary response mediated by the autonomic nervous system to maintain homeostasis, such as the reflex that controls heart rate.

Motor Neuron

Neuron that innervates skeletal, smooth, or cardiac muscle fibers.

Vagus Nerve

The tenth cranial nerve, which innervates the heart, lungs, and digestive tract, thereby playing a significant role in controlling heart rate, gastrointestinal motility, and respiratory rate.