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The Market Demand for Soccer Balls in a Small Town

Question 3

Multiple Choice

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.
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

Correct Answer:

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