This table shows individual demand schedules for a market. Price of GoodBarney's DemandBetty's Demand$0.002023$0.501818$1.001611$1.50148$2.00126$2.50105According to the table shown, at a price of $1.00, how much of the good will be demanded by Betty?
A. 11
B. 16
C. 30
D. 46
Answer: A
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Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. What does planned real saving equal when real disposable income equals? $12,000?
Real Disposable Income Planned Real Consumption ?$0 $3,000 ?2,000 4,400 ?4,000 5,800 ?6,000 7,200 ?8,000 ? 8,600 ?10,000 10,000 ?12,000 11,400 ?14,000 ? 12,800 A) 0 B) 600 C) 3,000 D) 11,400
Market failure occurs when no individual has the ability to substantially influence market prices
a. True b. False Indicate whether the statement is true or false