Construct the market demand schedule- Risk Management
Assume that the market for cheeseburgers consists of only three individuals: Jerry, George, and Elaine. Here are their demand schedules:
| Price | Jerry’s Demand | Price | George’s Demand | Price | Elaine’s Demand |
| $0 | 5 | $0 | 8 | $0 | 2 |
| $2 | 4 | $2 | 7 | $2 | 2 |
| $4 | 4 | $4 | 7 | $4 | 1 |
| $6 | 3 | $6 | 6 | $6 | 1 |
| $8 | 2 | $8 | 5 | $8 | 0 |
| $10 | 1 | $10 | 4 | $10 | 0 |
From the information in demand schedules, answer the following questions:
a. If the price of a cheeseburger were $2, how many cheeseburgers would be sold? 6.
b. If the price of a cheeseburger were $8, how many cheeseburgers would be sold?
c. Construct the market demand schedule for cheeseburgers
