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(Figure: Price and Quantity of Vocal Lessons I) Suppose Lizzie

Question 76

Multiple Choice

(Figure: Price and Quantity of Vocal Lessons I) Suppose Lizzie and Miranda are the only two customers in the market for voice lessons. Lizzie's demand is QM = 40 - 4P, and Miranda's demand is QV = 75 - 5P. Which panel represents the market demand for vocal lessons? (Figure: Price and Quantity of Vocal Lessons I)  Suppose Lizzie and Miranda are the only two customers in the market for voice lessons. Lizzie's demand is Q<sub>M</sub> = 40 - 4P, and Miranda's demand is Q<sub>V</sub> = 75 - 5P. Which panel represents the market demand for vocal lessons?   A)  panel (a)  B)  panel (b)  C)  panel (c)  D)  panel (d)


A) panel (a)
B) panel (b)
C) panel (c)
D) panel (d)

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