Solved

In the Market for Good X There Are Three Buyers,Adam,Bill,and

Question 137

Multiple Choice

In the market for good X there are three buyers,Adam,Bill,and Carolyn.Adam buys 3 units of good X at $4,Bill buys 7 units of good X at $4,and Carolyn buys 8 units of good X at $4.One point on the market demand curve for good X consists of a price of _____________ and a quantity demanded of __________________ units.


A) $4; 10
B) $4; 18
C) $4; 15
D) $5; 8
E) none of the above

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions