Alright, so now let's see how your individual demand curve will relate to the market demand curve. So every person has their own individual demand curve, right? This is how much they would want at a certain price. If we were talking about cereal and the price is $5, how many boxes of cereals would you buy at $5 or at $4? This is your personal demand curve, but to find the market demand curve, what we do is we're going to sum all the individual demand curves, right? So we're going to get the sum of all the individual demand curves to find the market demand. So if at $10 I want this many, you want that many, someone else wants that many, the market demand is going to be the sum of all our individual demands.
Let's look at this example here. So, I've got the market for Supreme Pizzas here and to keep it simple, we're going to say that there are only two guys in the market. We've got Fat Albert and Skinny Hendrix here and we want to find out what the market demand is at all these different prices. So, we've got their individual demands here, and to find the market demand, we're just going to add them up. Pretty simple. So, at a price of $2, Fat Albert's going to want 16 pizzas, Skinny Hendrix wants 4 pizzas. We're going to add those up. The market demand of 20 pizzas at a price of $2. Cool? So, let's just go ahead and do all of these here. So, at a price of $4, what do we get? We get 12 plus 3, market demand of 15, and a price of 6 will get a market demand of 10, right? And this is consistent with our law of demand as well, right? We're seeing that as the price rises, the quantity demanded here is falling both for the individuals and for the market. Cool. So we're consistent here. Let's go ahead and put these numbers on the graph.
So first, we've got graphs for Fat Albert and Skinny Hendrix here. Notice everyone has their own individual demand curve. I'm going to scroll down a little more so we got Fat Albert in that first column. Cool. Alright, so the first thing we want to do is label our axes here. So let's start with Fat Albert here and, remember, we've got to label one price and one quantity, and my trick, if you remember, is we're going to put them in ABC order left to right, price quantity there. Cool? Alright let's go ahead and graph Fat Albert's demand here. So at a price of 2 he's going to want 16, Price of 4. Let's just get all of these on here. He wants 12, 6. He wants 8. And if you guys are struggling here with the graph, make sure you watch the graphing review from segment 1, and you will probably do a lot better here on the graph. Cool. So that is going to be Fat Albert's demand. This is just Fat Albert's individual demand curve here. Cool? And let's say the price was $6, well Fat Albert's quantity demanded would be 8. Cool? Understand? Let's do the same thing for Skinny Hendrix here.
So he's going to have a different demand curve. Let's start again with the price of $2, he's going to want 4, right? So we're back up here in our table. We've got a price of $2, Skinny Hendrix's demand is 4. Cool so I'm going to scroll down so we have the whole graph and I'm going to get out of the way while we make this one. Alright let's do this. Same thing, I want to label the axis again, we got price, we've got quantity. Alright. Let's go ahead and get their points, the Skinny Hendrix's points on the graph. So we got a price of 2, he's going to want 4. At a price of 4, he wants 3 and that's going to be right here in the middle of 2 and 4. There we go. At a price of 6, he's going to want 2. Let's get all these in here. Cool. So let's go ahead and make his demand curve, and we've got a line looking something like that. Alright? And that one is going to be Skinny Hendrix's demand, and notice that they look different, right? Because everyone's demand curve is going to be a little different. So there's his demand right there. Just the same, his quantity demanded at a price of $6, his quantity demanded would be 2 pizzas.
So to make our market demand what we're going to do is we're going to sum these graphs, and I'm going to go ahead and do plus and over here equals, and we're going to go down to our market demand curve, and here we're going to put in our points from the market demand above. So this is the sum of Fat Albert and Kenny Hendricks here. Let's do this. So we've got at a price of 10 on our table there, we calculated that the market demand was going to be 20, excuse me, at a price of $2. So let's first label our axis, Price and quantity. Always want to do that first. Here we go. Price of 2, Quantity demanded 20. Price of 4, quantity demanded 15. Price of 6, quantity demanded 10, price of 8, quantity demanded 5, and price of 10, nobody wants pizza. Cool. Well, there you go. This is going to be our market demand curve here, and this is the sum of everybody in the market, which in this case was just these two people. So we've got market demand, and you can imagine if there were thousands of people in the market, we would be doing this thousands of times, but this is just the idea of what's happening. So here a little summary when you're asked to find the market demand, you just got to sum the individual demand curves at the different prices and different quantities. Cool? Alright. Let's move on.
