Multiple Choice
Suppose there are 100 people with identical demand curves. When the price of a movie ticket is $8, the quantity demanded by each person is 5 tickets. When the price is $4, the quantity demanded by each person is 9 tickets. Which of the following is the most likely quantity demanded for the market as a whole when the price is $6?
A) 700
B) 1,200
C) 400
D) 1,000
E) 100
Correct Answer:
Verified
Correct Answer:
Verified
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