The accompanying figure shows a single consumer's demand for ice cream at the student union.
If there are 1,000 students on campus during a regular semester, and each student's weekly demand for ice cream is shown above, then when the student union charges $3.00 per scoop, those 1,000 students purchase a total of ________ scoops per week.
A. 2,000
B. 1,000
C. 4,000
D. 400
Answer: C
You might also like to view...
A supply curve that is horizontal reflects a supply that
A) is elastic. B) is inelastic. C) is unit elastic. D) has a zero elasticity.
Which of the following will cause the demand curve for cable TV services to shift to the left?
A) a rise in the price of cable TV services B) a decrease in average incomes of cable TV subscribers C) an increase in population D) the creation of several hit TV series
According to the shortsightedness effect, politicians tend to favor projects with
a. short-run benefits and short-run costs. b. short-run benefits and long-run costs. c. long-run benefits and short-run costs. d. long-run benefits and long-run costs.
Related to the Economics in Practice on page 155: You own a truck and use it to deliver merchandise to retailers and hire a driver to make such deliveries. The speed at which you instruct the driver to drive depends on
A. the price of gasoline only. B. neither the driver's wage nor the price of gasoline. C. the driver's wage only. D. the driver's wage and the price of gasoline.