Exhibit 4-7 Demand and supply schedules for movie tickets
Price
QuantityDemanded
QuantitySupplied
$10
200
500
    8
240
470
    6
370
420
    4
390
390
    2
410
310
In Exhibit 4-7, a 100 unit decrease in quantity demanded at every price level would cause the new equilibrium price to become:

A. $8.
B. $6.
C. $4.
D. $2.


Answer: D

Economics

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