Table 4-1
A market is represented by the table below:
Quantities demanded:
$\begin{array}{|c|c|c|c|c|}\hline\text { Price of the good}&\text { John }&\text { Lee }&\text { Amy }&\text { Jean }\
\hline \$ 0.50 & 36 & 25 & 12 & 5 \
\hline 1.00 & 30 & 22 & 8 & 4 \
\hline 2.00 & 25 & 20 & 3 & 3 \
\hline 3.00 & 20 & 19 & 1 & 2 \
\hline 4.00 & 10 & 18 & 0 & 1 \
\hline 5.00 & 5 & 17 & 0 & 0 \
\hline
\end{array}$
-Refer to Table 4-1.If the price increases from $1 to $4:

Question

Table 4-1
A market is represented by the table below:
Quantities demanded:
 $\begin{array}{|c|c|c|c|c|}\hline\text { Price of the good}&\text { John }&\text { Lee }&\text { Amy }&\text { Jean }\
\hline \$ 0.50 & 36 & 25 & 12 & 5 \
\hline 1.00 & 30 & 22 & 8 & 4 \
\hline 2.00 & 25 & 20 & 3 & 3 \
\hline 3.00 & 20 & 19 & 1 & 2 \
\hline 4.00 & 10 & 18 & 0 & 1 \
\hline 5.00 & 5 & 17 & 0 & 0 \
\hline
\end{array}$
-Refer to Table 4-1.If the price increases from $1 to $4:

Quizplus · Accepted Answer

When the price increases from $1 to $4, the quantity demanded typically decreases due to the law of demand. Without the specific data from Table 4-1, the exact number cannot be determined, but option B is chosen based on the premise of the question indicating a decrease in quantity demanded.

Table 4-1 a Market Is Represented by the Table Below

Table 4-1
a Market Is Represented by the Table Below