Exhibit 3-1 Market Demand
Suppose there are only three people in the economy: Jane, Harry, and Bob. The individual demand for corn for each of these consumers is given in Exhibit 3-1. The total quantity demanded of corn if the market price is $5 is
A) 3.
B) 25.
C) 17.
D) 26.
Correct Answer:
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A) as
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A)
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B)
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