Q 11: Refer to the figure below that shows the individual demand schedules for t

Question

Q 11:

Refer to the figure below that shows the individual demand schedules for three consumers. If Bob is to purchase 10 units of this good, the maximum price he is willing and able to pay for each unit is:

E $13

Q 12

Refer to the figure below showing the demand for DVD rentals. A decrease in the price of DVD rentals would result in a change illustrated by:

A $0 Q 11: Refer to the figure below that shows the individual demand schedules for three consumers. If Bob is to purchase 10 units of this good, the maximum price he is willing and able to pay for each unit is: A $0 B $4 C $6 D $8 E $13 Q 12 Refer to the figure below showing the demand for DVD rentals. A decrease in the price of DVD rentals would result in a change illustrated by: A the move from f to g in panel A B the move from h to i in panel B C the move from j to k in panel C D the move from l to m in panel D

Explanation / Answer

C $6

C the move from j to k in panel C

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