Scenario: A market researcher asks three consumers, A, B, and C, about their willingness to pay for different quantities of a 20-ounce bottle of Lemon-Lime Gatorade. She collects the following information.

-Refer to the scenario above.If the price of Gatorade decreases from $4.00 per bottle to $3.50 per bottle,what is consumer C's change in quantity demanded?

Question

Scenario: A market researcher asks three consumers, A, B, and C, about their willingness to pay for different quantities of a 20-ounce bottle of Lemon-Lime Gatorade. She collects the following information.
 
-Refer to the scenario above.If the price of Gatorade decreases from $4.00 per bottle to $3.50 per bottle,what is consumer C's change in quantity demanded?

Quizplus · Accepted Answer

Consumer C's change in quantity demanded is an increase of 2 bottles when the price decreases from $4.00 to $3.50 per bottle.

Scenario: a Market Researcher Asks Three Consumers, A, B, and C