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Suppose smith wants one ipod no matter what the price is between $0 and $150, jones wants one ipod no matter what the price is between $0 and $200, and young wants one ipod no matter what the price is between $0 and $250. in this case, each individual buyer's demand curve will be ____ and the market demand curve will be ____.

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User Taran
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1 Answer

4 votes
It seems that you have missed the necessary options in order for us to answer this question so I had to look for it. Anyway, here is the answer. Suppose smith wants one ipod no matter what the price is between $0 and $150, jones wants one ipod no matter what the price is between $0 and $200, and young wants one ipod no matter what the price is between $0 and $250. In this case, each individual buyer's demand curve will be VERTICAL and the market demand curve will be DOWNWARD SLOPING. Hope this helps.
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User Gtpunch
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