2.2.2 Market Demand versus Individual Demand The market demand at each price is the sum of all the individual demands The quantity demanded in a market is the sum of the quantities demanded by all the buyers at each price. Thus, the market demand curve is found by adding horizontally the individual demand curves At a price of $2, Catherine demands 4 ice-cream cones, and Nicholas demands 3 ice-cream cones. The quantity demanded in the market at this price is7 cones. Price of ice-Cream Cone Catherine Nichol Market $0.00 12 0.50 16 1.00 13 1.50 6 2.00 765432 2.50 3.00 02.2.2 Market Demand versus Individual Demand ◼ The market demand at each price is the sum of all the individual demands. 12 + = 10 8 6 4 2 0 Catherine 7 6 5 4 3 2 1 Nicholas 19 16 13 10 7 4 1 $0.00 0.50 1.00 1.50 2.00 2.50 3.00 Price of Ice-Cream Cone Market The quantity demanded in a market is the sum of the quantities demanded by all the buyers at each price. Thus, the market demand curve is found by adding horizontally the individual demand curves. At a price of $2, Catherine demands 4 ice-cream cones, and Nicholas demands 3 ice-cream cones. The quantity demanded in the market at this price is 7 cones