Refer to Table 4-2. If these are the only four buyers in the market, then the market quantity demanded at a price of $1.50 is

A) 12 units.
B) 30 units.
C) 8 units.
D) 24 units.

Question

Refer to Table 4-2. If these are the only four buyers in the market, then the market quantity demanded at a price of $1.50 isA) 12 units.B) 30 units.C) 8 units.D) 24 units.

rachel foster · Accepted Answer

Final Answer : D, Explanation :  The market quantity demanded is the sum of the quantities demanded by all buyers at a given price. If the table indicates that at $1.50 each buyer demands 6 units, then for four buyers, the total is 6 units x 4 buyers = 24 units.

Refer to Table 4-2. If these are the only four buyers in the market, then the market quantity demanded at a price of $1.50 is

A) 12 units.
B) 30 units.
C) 8 units.
D) 24 units.

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