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Scenario: the Market Demand for Soccer Balls in a Small

Question 50

Multiple Choice

Scenario: The market demand for soccer balls in a small town is 2,500 units, and there are two rival sports brands selling soccer balls in this town, Sporty and Go! The products of the two brands are identical.
Scenario: The market demand for soccer balls in a small town is 2,500 units, and there are two rival sports brands selling soccer balls in this town, Sporty and Go! The products of the two brands are identical.    -Refer to the scenario above.Each firm will face a demand of ________ units of Good A if both of them charge a price of $60. A)  1,000 B)  1,500 C)  2,000 D)  3,000
-Refer to the scenario above.Each firm will face a demand of ________ units of Good A if both of them charge a price of $60.


A) 1,000
B) 1,500
C) 2,000
D) 3,000

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