Exhibit 4-7 Demand and supply schedules for movie tickets
|
| Quantity | Quantity |
| $10 | 200 | 500 |
| 8 | 240 | 470 |
| 6 | 370 | 420 |
| 4 | 390 | 390 |
| 2 | 410 | 310 |
In Exhibit 4-7, a 100 unit decrease in quantity demanded at every price level would cause the new equilibrium price to become:
A) $8.
B) $6.
C) $4.
D) $2.
Correct Answer:
Verified
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