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The Estimated Demand Function for Ice Cream Cones

Question 32

Multiple Choice

The estimated demand function for ice cream cones, The estimated demand function for ice cream cones,   ,is based on a sample of 50 children.If the price of an ice cream cone increases by $1,by how much does the quantity demanded of ice cream cones change on average? A) Quantity demanded increases by 5.3 B) Quantity demanded decreases by 5.3 C) Quantity demanded decreases by 2.4 D) Quantity demanded increases by 2.4
,is based on a sample of 50 children.If the price of an ice cream cone increases by $1,by how much does the quantity demanded of ice cream cones change on average?


A) Quantity demanded increases by 5.3
B) Quantity demanded decreases by 5.3
C) Quantity demanded decreases by 2.4
D) Quantity demanded increases by 2.4

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