Table 7-4
For each of the three potential buyers of apples, the table displays the willingness to pay for Bob, Sasha, and Eric, who are the only three buyers of apples. Assume that only three apples can be supplied per day.
-Refer to Table 7-4. The market quantity of apples demanded per day is exactly seven if the price of an orange, P, satisfies
A) $0.60 < P < $0.75.
B) $0.60 < P < $2.00.
C) $0.25 < P < $0.75.
D) $0.25 < P < $0.60.
Correct Answer:
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For each of the three