Suppose the three buyers in the table are the only buyers in the market. If the price of a hamburger decreases from $6 to $4, the quantity of hamburgers demanded will

Suppose there are 100 consumers with identical individual demand curves. When the price ofa movie ticket is $8, the quantity demanded for each person is 5. When the price is $4, thequantity demanded for each person is 9. Assuming the law of demand holds, which of thefollowing choices is the most likely quantity demanded in the market when the price is $6? Group of answer choices  700 1,000 1,200 400

25.When the market for a priduct clears a) the price will decrese b)there is a shortage  c) there is a srplus d)qunatity demanded=quantity supplied

Need help with drawing the demand curve

Identify the flaw in this analysis: “If more Trinidadians go on a vegan diet, thedemand for beef will fall. The decrease in the demand for beef will cause theprice of beef to fall. The lower price, however, will then increase the demand.In the new equilibrium, Trinidadians might end up consuming more beef thanthey did initially

At the beginning of the pandemic, millions of people became unemployed. Around the same time, the demand for rice increased dramatically. Rice is what type of good? O An inferior good A substitute A normal good A complement

really need detailed solution with steps and graphs. will leave a like if it helps!

Imagine you are bundling popcorn, soda and candy for AMC Theaters. You have the following data on your customers. Assume 1 of each customer type. For simplicity, assume the price of each good is zero (so really maximizing revenue). Customer Type 1 Customer Type 2 Customer Type 3 Popcorn $6 $5 $7 Candy $7 $6 $5 Soda $5 $7 $6 (a) If you had to sell each product separately, what would you price them at to maximize profits? (b) If you had an option to bundle the 3 products together (a pure bundle option instead of selling separately), what would you price the bundle at? (c) How much would this increase or decrease profits by?

Suppose a consumer, Teddy, has a demand schedule for hamburgers described by the following demand schedule: Quantity of Hamburgers Price $0.00 10 1.00 8 2.00 3.00 4 4.00 2 5.00

Suppose the following table shows your demand schedule for CDs. Price Quantity Demanded $15 1 12 9. 9:56 6. 4 (a) What is your total utility from four CDs? Total utility: $ (b) What is your marginal utility from the fourth CD? Marginal utility: $ (c) If the price is $6, how much will your consumer surplus be? Consumer surplus: $