suppose that nick and rosa are the only consumers of pizza slices in a particular market. the following…

suppose that nick and rosa are the only consumers of pizza slices in a particular market. the following table shows their annual demand schedules:\n\n| price (dollars per slice) | nicks quantity demanded (slices) | rosas quantity demanded (slices) |\n| ---- | ---- | ---- |\n| 1 | 40 | 80 |\n| 2 | 25 | 60 |\n| 3 | 15 | 40 |\n| 4 | 5 | 30 |\n| 5 | 0 | 20 |\n\non the following graph, plot nicks demand for pizza slices using the green points (triangle symbol). next, plot rosas demand for pizza slices using the purple points (diamond symbol). finally, plot the market demand for pizza slices using the blue points (circle symbol).

suppose that nick and rosa are the only consumers of pizza slices in a particular market. the following table shows their annual demand schedules:\n\n| price (dollars per slice) | nicks quantity demanded (slices) | rosas quantity demanded (slices) |\n| ---- | ---- | ---- |\n| 1 | 40 | 80 |\n| 2 | 25 | 60 |\n| 3 | 15 | 40 |\n| 4 | 5 | 30 |\n| 5 | 0 | 20 |\n\non the following graph, plot nicks demand for pizza slices using the green points (triangle symbol). next, plot rosas demand for pizza slices using the purple points (diamond symbol). finally, plot the market demand for pizza slices using the blue points (circle symbol).

Answer

Explanation:

Step1: Plot Nick's demand

For each price - quantity pair in Nick's schedule, place a green triangle point on the graph. For example, when the price is $1$ dollar per slice and Nick's quantity demanded is $40$ slices, we plot the point $(1,40)$ with a green triangle.

Step2: Plot Rosa's demand

For each price - quantity pair in Rosa's schedule, place a purple diamond point on the graph. For example, when the price is $1$ dollar per slice and Rosa's quantity demanded is $80$ slices, we plot the point $(1,80)$ with a purple diamond.

Step3: Calculate market demand

The market demand at each price is the sum of Nick's and Rosa's quantity demanded. For example, at a price of $1$ dollar per slice, the market demand is $40 + 80=120$ slices.

Step4: Plot market demand

For each price - market - quantity - demanded pair, place a blue circle point on the graph. For the price of $1$ dollar per slice and market quantity demanded of $120$ slices, we plot the point $(1,120)$ with a blue circle.

Answer:

Follow the above - described steps to plot the points on the graph for Nick's demand, Rosa's demand, and market demand.