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Refer to the Table That Presents Mike and Janet's Demand

Question 59

Multiple Choice

Refer to the table that presents Mike and Janet's demand for apples by the bushel. If they are the only two in the market, which of the following represents a point on the market demand curve?  Price per peck  Mike Quantity in pecks  Janet Quantity in pecks $1226$2183$3140$4100$560\begin{array}{|c|c|c|}\hline \text { Price per peck } & \text { Mike Quantity in pecks } & \text { Janet Quantity in pecks } \\\hline \$ 1 & 22 & 6 \\\hline \$ 2 & 18 & 3 \\\hline \$ 3 & 14 & 0 \\\hline \$ 4 & 10 & 0 \\\hline \$ 5 & 6 & 0 \\\hline\end{array}


A) price = $1, quantity = 18
B) price = $2, quantity = 21
C) price = $4, quantity = 0
D) price = $4, quantity = 21

Correct Answer:

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