The figure shows the demand curve for gym memberships. K Complete the following sentences If the price of a gym membership falls from $60 to $20, while all other influences on buying plans are unchanged, the quantity of gym memberships demanded changes from to OA. 8 million; 16 million OB. 10 million; 12 million OC. 16 million; 8 million OD 12 million 10 million The change in the price of a gym membership illustrates the law of demand in action OA. True B. False 20 60 40- 100- 80- Price (dollars per gym membership) D 어 0 8 12 16 20 Quantity (millions of gym memberships per year)
The figure shows the demand curve for gym memberships. K Complete the following sentences If the price of a gym membership falls from $60 to $20, while all other influences on buying plans are unchanged, the quantity of gym memberships demanded changes from to OA. 8 million; 16 million OB. 10 million; 12 million OC. 16 million; 8 million OD 12 million 10 million The change in the price of a gym membership illustrates the law of demand in action OA. True B. False 20 60 40- 100- 80- Price (dollars per gym membership) D 어 0 8 12 16 20 Quantity (millions of gym memberships per year)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:The figure shows the demand curve for gym memberships.
K
Complete the following sentences
If the price of a gym membership falls from $60 to $20, while all other influences
on buying plans are unchanged, the quantity of gym memberships demanded
changes from
to
OA. 8 million; 16 million
OB. 10 million; 12 million
OC. 16 million; 8 million
OD 12 million 10 million
The change in the price of a gym membership illustrates the law of demand in
action
OA. True
B. False
20
60
40-
100-
80-
Price (dollars per gym membership)
D
어
0
8
12
16
20
Quantity (millions of gym memberships per year)
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