Table 4-7
The demand schedule below pertains to sandwiches demanded per week.

-Refer to Table 4-7.Suppose Charlie,Maxine,and Quinn are the only demanders of sandwiches and that the market demand violates the law of demand.Then,in the table,

Question

Table 4-7
The demand schedule below pertains to sandwiches demanded per week.
 
-Refer to Table 4-7.Suppose Charlie,Maxine,and Quinn are the only demanders of sandwiches and that the market demand violates the law of demand.Then,in the table,

Quizplus · Accepted Answer

If the market demand violates the law of demand, it means that as price increases, demand also increases. Looking at the table, we can see that as price increases from $1 to $2, the total quantity demanded also increases from 25 to 30 sandwiches. This violates the law of demand and implies that there are at least two demanders whose individual demand curves are upward sloping. Since Charlie, Maxine, and Quinn are the only demanders, we can conclude that at least two of them exhibit upward sloping individual demand curves, which means that there are at least seven possible combinations of sandwiches demanded at different prices (x1, x2, x3, x4, x5, x6, and x7). Therefore, the best choice is C, x7.

Table 4-7 The Demand Schedule Below Pertains to Sandwiches Demanded Per Week