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Table 7-1 Refer to Table 7-1. If the Price Increases from $1.00

Question 109

Multiple Choice

Table 7-1
Table 7-1 Refer to Table 7-1. If the price increases from $1.00 to $1.50, A) the market demand decreases by 20 units. B) individual demand curves, when drawn, will shift to the left. C) the quantity demanded in the market decreases by 2 units. D) the quantity demanded in the market decreases by 7 units.
Refer to Table 7-1. If the price increases from $1.00 to $1.50,


A) the market demand decreases by 20 units.
B) individual demand curves, when drawn, will shift to the left.
C) the quantity demanded in the market decreases by 2 units.
D) the quantity demanded in the market decreases by 7 units.

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