Table 4-2

-Refer to Table 4-2. If these are the only four buyers in the market, then when the price decreases from $2.00 to $1.50, the market quantity demanded

Question

Table 4-2
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-Refer to Table 4-2. If these are the only four buyers in the market, then when the price decreases from $2.00 to $1.50, the market quantity demanded

Quizplus · Accepted Answer

When the price decreases from $2.00 to $1.50, each buyer increases their quantity demanded. If the total increase in quantity demanded by all buyers is 10 units, then the market quantity demanded increases by 10 units.

Table 4-2 ​

Table 4-2