9. Assume the price was legally changed to $8.50. What is now the quantitydemanded at $8.50? *$10$9$8$7$6$5$4D$3102030 4050607080QuantityA. 65В. 80С. 35D. 15

Law of demand: It is an economic theory that shows the relationship between price and quantity…

Answered: 9. Assume the price was legally changed…

9. Assume the price was legally changed to $8.50. What is now the quantity demanded at $8.50? * $10 $9 $8 $6 $5 $4 D 30 40 50 Quantity 10 20 60 70 80 O A. 65 О в. 80 O C. 35 O D. 15 Price

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

9. Assume the price was legally changed to $8.50. What is now the quantity
demanded at $8.50? *
$10
$9
$8
$7
$6
$5
$4
D
$3
10
20
30 40
50
60
70
80
Quantity
A. 65
В. 80
С. 35
D. 15

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