the following table indicates the demand schedule for four types of consumer: A,
ID: 1101102 • Letter: T
Question
the following table indicates the demand schedule for four types of consumer: A,B,C and D and the number of consumers in each group(top row). The quantity demand by each type of consumer (Qa, Qb, Qc, and Qd) is shown for market prices ranging from $10 down to $4. What is the combined quantity demanded at a market price of $5?
Number of Consumers
A=200 B=300 C=300 D=200
A. 8,500
B. 415,000
C. 25,000
D. 8,500
Market Price Qa Qb Qc Qd $10 0 0 1 1 9 0 1 2 3 8 1 3 3 5 7 2 5 4 8 6 3 7 5 11 5 4 9 6 15 4 5 11 7 20Explanation / Answer
ANS:- A. 8,500
TWO OPTIONS ARE SAME ONE SHOULD BE 8,300 AND IT'S THE ANSWER
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