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Andrew's Demand for Fish Is: QA=12- 3P

Question 50

Multiple Choice

Andrew's demand for fish is: QA=12- 3P. Betty's demand for fish is: QB=16- 4P and Cathy's demand for fish is: QC=20- 5P. Q is the number of pounds of fish and P is the price of fish per pound. If Andrew, Betty and Cathy are the only people living in their village, and if the price of fish is P=$1 per pound, then Andrew is consuming of the fish in the village?


A) 33%.
B) 30%.
C) 0%.
D) 25%.

Correct Answer:

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