Table 4.1
$$\begin{array}{l}
\text { + Table } 4.1\
\begin{array} { | l | l | l | l | }
\hline \text { Cards } & \text { Don } & \text { Jon } & \text { Ron } \
\hline \$ 2 & 3 & 2 & 1 \
\hline \$ 1.50 & 4 & 5 & 3 \
\hline
\end{array}
\end{array}$$
-Refer to the demand schedule in Table 4.1. There are three consumers in the market for playing cards: Don, Jon, and Ron. When the price decreases from $2 to $1.50 per pack, what is the change in total quantity demanded for playing cards?

Question

Table 4.1
 $$\begin{array}{l}
\text { + Table } 4.1\
\begin{array} { | l | l | l | l | } 
\hline \text { Cards } & \text { Don } & \text { Jon } & \text { Ron } \
\hline \$ 2 & 3 & 2 & 1 \
\hline \$ 1.50 & 4 & 5 & 3 \
\hline
\end{array}
\end{array}$$
-Refer to the demand schedule in Table 4.1. There are three consumers in the market for playing cards: Don, Jon, and Ron. When the price decreases from $2 to $1.50 per pack, what is the change in total quantity demanded for playing cards?

Quizplus · Accepted Answer

To calculate the change in total quantity demanded, we need to add up the quantities demanded by Don, Jon, and Ron at both prices.

At $2 per pack:

Total quantity demanded = 3 + 2 + 1 + 4 + 5 + 3 = 18

At $1.50 per pack:

Total quantity demanded = 4 + 4 + 1 + 5 + 7.5 + 3 = 24.5

Subtracting the two totals, we get:

Change in quantity demanded = 24.5 - 18 = 6.

Therefore, the answer is B, quantity demanded increases by 6.

Table 41 -Refer to the Demand Schedule in Table 4