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Consider the Following Demand Schedules for New York Mets T-Shirts

Question 16

Multiple Choice

Consider the following demand schedules for New York Mets T-shirts:  Price  Quantity Demanded $5.00200$10.00175$12.00150$14.00100$16.0050\begin{array} { | l | l | } \hline \text { Price } & \text { Quantity Demanded } \\\hline \$ 5.00 & 200 \\\hline \$ 10.00 & 175 \\\hline \$ 12.00 & 150 \\\hline \$ 14.00 & 100 \\\hline \$ 16.00 & 50 \\\hline\end{array} Holding all else constant, which of the following demand schedules is most likely to represent New York Mets T-shirts if they win the World Series?


A)  Price  Quantity Demanded $8.00200$10.00175$12.00150$14.00100$16.0050\begin{array} { | l | l | } \hline \text { Price } & \text { Quantity Demanded } \\\hline \$ 8.00 & 200 \\\hline \$ 10.00 & 175 \\\hline \$ 12.00 & 150 \\\hline \$ 14.00 & 100 \\\hline \$ 16.00 & 50 \\\hline\end{array}
B)  Price  Quantity Demanded $8.00175$10.00150$12.00125$14.0075$16.0025\begin{array} { | l | l | } \hline \text { Price } & \text { Quantity Demanded } \\\hline \$ 8.00 & 175 \\\hline \$ 10.00 & 150 \\\hline \$ 12.00 & 125 \\\hline \$ 14.00 & 75 \\\hline \$ 16.00 & 25 \\\hline\end{array}
C)  Price  Quantity Demanded $8.00250$10.00175$12.00100$14.00100$16.00100\begin{array} { | l | l | } \hline \text { Price } & \text { Quantity Demanded } \\\hline \$ 8.00 & 250 \\\hline \$ 10.00 & 175 \\\hline \$ 12.00 & 100 \\\hline \$ 14.00 & 100 \\\hline \$ 16.00 & 100 \\\hline\end{array}
D)  Price  Quantity Demanded $$.00250$10.00200$12.00175$14.00150$16.00100\begin{array} { | l | l | } \hline \text { Price } & \text { Quantity Demanded } \\\hline \$ \$ .00 & 250 \\\hline \$ 10.00 & 200 \\\hline \$ 12.00 & 175 \\\hline \$ 14.00 & 150 \\\hline \$ 16.00 & 100 \\\hline\end{array}
E)  Price  Quantity Demanded $$.0050$10.00100$12.00150$14.00175$16.00200\begin{array} { | l | l | } \hline \text { Price } & \text { Quantity Demanded } \\\hline \$ \$ .00 & 50 \\\hline \$ 10.00 & 100 \\\hline \$ 12.00 & 150 \\\hline \$ 14.00 & 175 \\\hline \$ 16.00 & 200 \\\hline\end{array}

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