Figure 3.4
-Refer to Figure 3.4.How many units will be sold if the price is $15?
A)300
B)400
C)600
D)700

Name: Figure 3.4 -Refer to Figure 3.4.How many units will be sold if the price is $15? A)300 B)400 C)600 D)700
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Question

Figure 3.4 
-Refer to Figure 3.4.How many units will be sold if the price is $15?
A)300 
B)400 
C)600 
D)700

Quizplus · Accepted Answer

At a price of $15, the demand curve in Figure 3.4 indicates that 400 units will be sold. This is determined by locating the price on the vertical axis and tracing horizontally to the demand curve, then vertically down to the quantity on the horizontal axis.

Figure 3.4 -Refer to Figure 3.4.How Many Units Will Be Sold If