Refer to the figure above. Assuming that the market consists of only these two consumers, what is the market demand for pens when the price is $4?
A) 15 units
B) 25 units
C) 40 units
D) 65 units
D
Economics
You might also like to view...
In the United States, the market for health care is very competitive, with little variation in price for similar medical procedures
Indicate whether the statement is true or false
Economics
In the above figure, how does the slope of the line between x = 4 and x = 5 compare with the slope between x = 2 and x = 3?
A) The slope is greater between x = 4 and x = 5. B) The slope is greater between x = 2 and x = 3. C) The slope is the same. D) The slope is not comparable.
Economics