Ronan, the Collector, and Thanos all want orbs. Each individual's demand for orbs is shown here. If Ronan, the Collector, and Thanos are the only ones who want the orbs, use their individual demand schedules to graph the market demand for orbs. Price (in millions) Ronan's demand The Collector's demand 5 3 2 1 0 0 1 2 3 D 0 1 2 Thanos's demand 1 3 4 7 10

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
Section: Chapter Questions
Problem 13CTQ: Think back to a purchase that you made recently. How would you describe your thinking before you...
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Ronan, the Collector, and Thanos all want orbs. Each individual's demand for orbs is shown here. If Ronan, the Collector, and Thanos are
the only ones who want the orbs, use their individual demand schedules to graph the market demand for orbs.
Price (in millions)
The Collector's demand
5
3
2
1
Ronan's demand
0
0
1
2
3
0
1
2
4
Thanos's demand
1
3
4
7
10
Transcribed Image Text:Ronan, the Collector, and Thanos all want orbs. Each individual's demand for orbs is shown here. If Ronan, the Collector, and Thanos are the only ones who want the orbs, use their individual demand schedules to graph the market demand for orbs. Price (in millions) The Collector's demand 5 3 2 1 Ronan's demand 0 0 1 2 3 0 1 2 4 Thanos's demand 1 3 4 7 10
Part 2
If there is only one orb and Quill has it, what price should Quill charge for the orb? (Note that in the world of Guardians of the
Galaxy, the currency is called "units.")
5000000000 units
Transcribed Image Text:Part 2 If there is only one orb and Quill has it, what price should Quill charge for the orb? (Note that in the world of Guardians of the Galaxy, the currency is called "units.") 5000000000 units
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