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Table 4-1 A Market Is Represented by the Table Below

Question 130

Multiple Choice

Table 4-1
A market is represented by the table below:
Quantities demanded:
Table 4-1 A market is represented by the table below: Quantities demanded: -Refer to Table 4-1. If the price increases from $1 to $3: A) the market demand increases by 14 units B) the quantity demanded in the market decreases by 13 units C) the quantity demanded in the market decreases by 20 units D) the quantity demanded in the market decreases by 5 units
-Refer to Table 4-1. If the price increases from $1 to $3:

A) the market demand increases by 14 units
B) the quantity demanded in the market decreases by 13 units
C) the quantity demanded in the market decreases by 20 units
D) the quantity demanded in the market decreases by 5 units

Correct Answer: