In the market for good X there are three buyers, Adam, Bill, and Carolyn. Adam buys 3 units of good X at $4, Bill buys 7 units of good X at $4, and Carolyn buys 8 units of good X at $4. One point on the market demand curve for good X consists of a price of and a quantity demanded of units
A) $4; 10
B) $4; 18
C) $4; 15
D) $5; 8
E) none of the above
Answers: 3
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In the market for good X there are three buyers, Adam, Bill, and Carolyn. Adam buys 3 units of good...
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