Table 3-4

-Refer to Table 3-4. The table above shows the demand schedules for cashews of two individuals (Jordy and Amy) and the rest of the market. If the price of cashews falls from $4 to $2, the market quantity demanded would
A) decrease by 28 lbs.
B) increase by 36 lbs.
C) increase by 28 lbs.
D) decrease by 36 lbs.

Question

Table 3-4
 
-Refer to Table 3-4. The table above shows the demand schedules for cashews of two individuals (Jordy and Amy) and the rest of the market. If the price of cashews falls from $4 to $2, the market quantity demanded would
A) decrease by 28 lbs. 
B) increase by 36 lbs. 
C) increase by 28 lbs. 
D) decrease by 36 lbs.

Quizplus · Accepted Answer

The Answer of Table 3-4
 
-Refer to Table 3-4. The table above shows the demand schedules for cashews of two individuals (Jordy and Amy) and the rest of the market. If the price of cashews falls from $4 to $2, the market quantity demanded would
A) decrease by 28 lbs. 
B) increase by 36 lbs. 
C) increase by 28 lbs. 
D) decrease by 36 lbs.

Table 3-4 -Refer to Table 3-4. the Table Above Shows the Demand