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Suppose John and Wayne Are the Only Two Demanders of Cowboy

Question 48

Multiple Choice

Suppose John and Wayne are the only two demanders of cowboy movies.Each month,John buys six cowboy movies when the price is $10 each,and he buys four cowboy movies when the price is $15 each.Each month,Wayne buys four cowboy movies when the price is $10 each,and he buys two cowboy movies when the price is $15 each.Which of the following points is on the market demand curve?


A) quantity demanded = 2;price = $15
B) quantity demanded = 4;price = $25
C) quantity demanded = 10;price = $10
D) quantity demanded = 16;price = $25

Correct Answer:

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