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-Refer to the Table 4-3

Question 72

Multiple Choice

-Refer to the Table 4-3. What happens if the price decreases from $1.50 to $1.00? A) The market demand increases by 35 units. B) The quantity demanded in the market decreases by 2 units. C) Individual demands will increase. D) The quantity demanded in the market increases by 7 units.
-Refer to the Table 4-3. What happens if the price decreases from $1.50 to $1.00?


A) The market demand increases by 35 units.
B) The quantity demanded in the market decreases by 2 units.
C) Individual demands will increase.
D) The quantity demanded in the market increases by 7 units.

Correct Answer:

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