Suppose there are three buyers of candy in a market: Tex, Dex, and Rex. The market demand and the individual demands of Tex, Dex, and Rex are shown in the following table. a. Fill in the missing values (gray-shaded cells) in the table. Individual Quantities Demanded Price per Candy Total Quantity Demanded Tex Dex Rex $ 8 2 1 2 7 4 2 12 6 3. 10 19 5 8 14 26 4 10 18 b. Which buyer demands the least at a price of $5? (Click to select) V The most at a price of $7? (Click to select) ♥ c. Which buyer's quantity demanded increases the most when the price decreases from $7 to $6? (Click to select) ♥ d. Which direction would the market demand curve shift if Tex withdrew from the market? |(Click to select) ♥ What if Dex doubled his purchases at each possible price? (Click to select) ♥ e. Suppose that at a price of $6, the total quantity demanded increases from 19 to 29. Is this a "change in the quantity demanded" or a “change in demand"? (Click to select)

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Financial Statements

Financial statements (or financial reports) are the formal records of the financial activities that are undertaken by a firm. They are convenient instruments used for analyzing a company’s financial position and performance. Financial ratios are created with the help of the numerical values that are derived from the financial statements. They give meaningful information about the financial performance of the company.