The table given below reports the quantity demanded of a good by individuals 1, 2, and 3 at different prices. Table 3.1
Refer to Table 3.1.If Quantity Demanded 1, Quantity Demanded 2, and Quantity Demanded 3 are market demand schedules, then the change from Quantity Demanded 1 to Quantity Demanded 3 may have been due to:
A) an increase in price.
B) an increase in the number of sellers.
C) a decrease in price.
D) a decrease in the number of buyers.
E) a decrease in the price of a substitute good.
Correct Answer:
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