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Suppose There Are Only Two Consumers (A & B)of Good

Question 74

Multiple Choice

Suppose there are only two consumers (A & B) of good X in the economy.At a price of $1 per unit consumer A demands 12 units and consumer B demands 24 units.The market demand for X at $1 per unit is:


A) 36 units.
B) 18 units.
C) 12 units.
D) 288 units.
E) cannot be determined without knowledge of each consumer's marginal utility for the good.

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