$$\begin{array} { | l | l | }
\hline \text { Price } & \begin{array} { l }
\text { Quantity } \
\text { Demanded }
\end{array} \
\hline \$ 0 & 1,000 \
\hline \$ 1 & 400 \
\hline \$ 2 & 200 \
\hline \$ 3 & 100 \
\hline \$ 4 & 25 \
\hline
\end{array}$$ Refer to the table,which shows the number of MP3 downloads demanded per month for the students at a certain university.What would happen to the quantity of MP3s demanded at a price of $2 if the university's enrollment were to increase significantly?

Question

$$\begin{array} { | l | l | } 
\hline \text { Price } & \begin{array} { l } 
\text { Quantity } \
\text { Demanded }
\end{array} \
\hline \$ 0 & 1,000 \
\hline \$ 1 & 400 \
\hline \$ 2 & 200 \
\hline \$ 3 & 100 \
\hline \$ 4 & 25 \
\hline
\end{array}$$ Refer to the table,which shows the number of MP3 downloads demanded per month for the students at a certain university.What would happen to the quantity of MP3s demanded at a price of $2 if the university's enrollment were to increase significantly?

Quizplus · Accepted Answer

An increase in the university's enrollment would lead to more students demanding MP3s at each price level, thus increasing the quantity demanded above the original amount at a price of $2. This is because the market demand schedule reflects the total demand from all consumers in the market.

Refer to the Table,which Shows the Number of MP3 Downloads