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.
Correct Answer:
Verified
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