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QUESTION ANSWER 10,750 A=200 B=300 C=300 D=200 Market Price QA QB QC QD 25,000 $10 0 0 1 1 9 0 1 2 3 10,400 8 1 3 3 5 7 2 5 4 8 416,000 6 3 7 5 11 I DON'T KNOW YET 5 4 9 6 15 4 5 11 7 20 The table above indicates the demand schedules for four types of consumers: A, B, C, and D and the number of consumers in each group (top row). The quantity demanded by each type of consumer (QA, QB, QC, and QD) is shown for market prices ranging from $10 down to $4. What is the combined quantity demanded at a market price of $4?

QUESTION ANSWER 10,750 A=200 B=300 C=300 D=200 Market Price QA QB QC QD 25,000 $10 0 0 1 1 9 0 1 2 3 10,400 8 1 3 3 5 7 2 5 4 8 416,000 6 3 7 5 11 I DON'T KNOW YET 5 4 9 6 15 4 5 11 7 20 The table above indicates the demand schedules for four types of consumers: A, B, C, and D and the number of consumers in each group (top row). The quantity demanded by each type of consumer (QA, QB, QC, and QD) is shown for market prices ranging from $10 down to $4. What is the combined quantity demanded at a market price of $4?

ENGR.ECONOMIC ANALYSIS
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 ANSWER 10,750 A=200 B=300 C=300 D=200 Market Price QA QB QC QD 25,000 $10 0 0 1 1 9 0 1 2 3 10,400 8 1 3 3 5 7 2 5 4 8 416,000 6 3 7 5 11 I DON'T KNOW YET 5 4 9 6 15 4 5 11 7 20 The table above indicates the demand schedules for four types of consumers: A, B, C, and D and the number of consumers in each group (top row). The quantity demanded by each type of consumer (QA, QB, QC, and QD) is shown for market prices ranging from $10 down to $4. What is the combined quantity demanded at a market price of $4?
Transcribed Image Text:QUESTION ANSWER 10,750 A=200 B=300 C=300 D=200 Market Price QA QB QC QD 25,000 $10 0 0 1 1 9 0 1 2 3 10,400 8 1 3 3 5 7 2 5 4 8 416,000 6 3 7 5 11 I DON'T KNOW YET 5 4 9 6 15 4 5 11 7 20 The table above indicates the demand schedules for four types of consumers: A, B, C, and D and the number of consumers in each group (top row). The quantity demanded by each type of consumer (QA, QB, QC, and QD) is shown for market prices ranging from $10 down to $4. What is the combined quantity demanded at a market price of $4?
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