Quantity of videos demandedAlexPrice(dollars)6LynnLiza246.8101236.9.1215181234Q: Given the individual demands for videodownloads in the above table, and assuming thatthese three people are the only ones in themarket, which of the following statements is NOTtrue about market demand for video downloads?A) The market quantity demanded at a price of $5is 10.B) The height of the market demand curve at aquantity demanded of 22 is $3.C) The height of the market demand curve at aquantity demanded of 16 is $5.D) The market quantity demanded at a price of $2is 28.

C) the height of market demand curve at quantity demanded of 16 is $5

Answered: Quantity of videos demanded Alex Price…

Quantity of videos demanded Alex Price (dollars) Lynn Liza 2 4 6 8 10 12 3 1 9. 12 15 18 Q: Given the individual demands for video 2 3 4 downloads in the above table, and assuming that 6543N

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

Quantity of videos demanded
Alex
Price
(dollars)
6
Lynn
Liza
2
4
6.
8
10
12
3
6.
9.
12
15
18
1
2
3
4
Q: Given the individual demands for video
downloads in the above table, and assuming that
these three people are the only ones in the
market, which of the following statements is NOT
true about market demand for video downloads?
A) The market quantity demanded at a price of $5
is 10.
B) The height of the market demand curve at a
quantity demanded of 22 is $3.
C) The height of the market demand curve at a
quantity demanded of 16 is $5.
D) The market quantity demanded at a price of $2
is 28.

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