Jasmine is willing to buy 40 pencils at 25 cents apiece. When the price is ten cents apiece, she is willing to buy 100 pencils. Which of the following statements could be true about Jasmine's demand for pencils?
a) She will buy 80 pencils at 15 cents apiece.
b) She will buy 20 pencils and 20 cents apiece.
c) She will buy 100 pencils at 5 cents apiece.
d) None of these statements is likely to be true
Ans: a) She will buy 80 pencils at 15 cents apiece.
Economics
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