Fran runs a doughnut shop in a tiny 3-person town. The table below shows the quantity demand by the three townspeople at various prices.Price PerDoughnutQuantity Demandedby AlQuantity Demandedby BettyQuantity Demandedby Carol10 cents104625 cents92535 cents71550 cents504When the price of a doughnut is 25 cents, what is the market demand for doughnuts?
A. 13 doughnuts
B. 16 doughnuts
C. 20 doughnuts
D. 9 doughnuts
Answer: B
You might also like to view...
Voluntary export restraints are illegal under international trading rules
Indicate whether the statement is true or false
A firm purchases more capital equipment. We would expect to observe
A) a decrease in the supply curve of labor to this firm. B) an increase in the supply of labor for this firm. C) an increase in the demand for labor by this firm. D) an increase in the wage rate paid for labor by this firm.
Which of the following is the most effective way to internalize a technology spillover?
a. taxes b. patents c. government regulations d. free markets
The fact that you may not know who your congressional representative is represents
A) rational ignorance on your part. B) the rival nature of information. C) inefficient oversupply of public servants. D) the use of the median voter theorem.