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The Accompanying Figure Shows the Annual Demand for Haircuts for One

Question 116

Multiple Choice

The accompanying figure shows the annual demand for haircuts for one person in the town of Beaumont. There are a total of 300 residents in Beaumont, each with this same demand curve. The accompanying figure shows the annual demand for haircuts for one person in the town of Beaumont. There are a total of 300 residents in Beaumont, each with this same demand curve.   If the residents of Beaumont purchase a total of 1,800 haircuts each year, then the market price for a haircut must be: A) $40. B) $35. C) $30. D) $20. If the residents of Beaumont purchase a total of 1,800 haircuts each year, then the market price for a haircut must be:


A) $40.
B) $35.
C) $30.
D) $20.

Correct Answer:

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