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Refer to the Table Below Assume That the Market for IPhones Has Only Two Consumers

Question 40

Multiple Choice

Refer to the table below:  Price of  iPhones  Christy’s  Demand  Lori’s  Demand $700.0000$650.0010$500.0011$450.0021$300.0042$2750053$250.0064$100.0074$50.00105\begin{array} { c c l } \hline \begin{array} { c } \text { Price of } \\\text { iPhones }\end{array} & \begin{array} { c } \text { Christy's } \\\text { Demand }\end{array} & \begin{array} { l } \text { Lori's } \\\text { Demand }\end{array} \\\hline \$ 700.00 & 0 & 0 \\\$ 650.00 & 1 & 0 \\\$ 500.00 & 1 & 1 \\\$ 450.00 & 2 & 1 \\\$ 300.00 & 4 & 2 \\\$ 27500 & 5 & 3 \\\$ 250.00 & 6 & 4 \\\$ 100.00 & 7 & 4 \\\$ 50.00 & 10 & 5 \\\hline\end{array} Assume that the market for iPhones has only two consumers: Christy and Lori. According the table above, if the price of an iPhone is $285, the market will demand_______ iPhones.


A) 8
B) 6
C) 5
D) 28
E) 45

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