The monthly quantity demanded for cars is shown in the table below. Demand for Cars Price (dollars) $23,000 21,000 19,000 17,000 15,000 Quantity of Cars Demanded (thousands of cars) An increase in income increases the quantity demanded by 10% at every price. Which of the following columns represents the new monthly quantity demanded for cars (in thousands of cars)? Price (dollars) $23,000 21,000 19,000 17,000 15,000 600 620 640 660 680 O Column A O Column B O Column C O Column D A 668 688 708 572 728 592 748 612 C 669 B 532 552 682 784 726 668 748 688 D 600 620 648
The monthly quantity demanded for cars is shown in the table below. Demand for Cars Price (dollars) $23,000 21,000 19,000 17,000 15,000 Quantity of Cars Demanded (thousands of cars) An increase in income increases the quantity demanded by 10% at every price. Which of the following columns represents the new monthly quantity demanded for cars (in thousands of cars)? Price (dollars) $23,000 21,000 19,000 17,000 15,000 600 620 640 660 680 O Column A O Column B O Column C O Column D A 668 688 708 572 728 592 748 612 C 669 B 532 552 682 784 726 668 748 688 D 600 620 648
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![The monthly quantity demanded for cars is shown in the table below.
Demand for Cars
Price
(dollars)
$23,000
21,000
19,000
17,000
15,000
Quantity of Cars Demanded
(thousands of cars)
An increase in income increases the quantity demanded by 10% at every price. Which of the following columns represents the new
monthly quantity demanded for cars (in thousands of cars)?
Price (dollars)
$23,000
21,000
19,000
17,000
15,000
600
620
640
660
680
O Column A
O Column B
O Column C
O Column D
A
C
D
668 532 668
680
552
682
620
572
784
648
592
726
668
612 748 688
688
708
728
748](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fefb2cbb9-5bd8-4117-b0cd-d94ec38f1796%2F8a38536b-8f2f-4447-b5cb-c873507f716a%2F7ahoyke_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The monthly quantity demanded for cars is shown in the table below.
Demand for Cars
Price
(dollars)
$23,000
21,000
19,000
17,000
15,000
Quantity of Cars Demanded
(thousands of cars)
An increase in income increases the quantity demanded by 10% at every price. Which of the following columns represents the new
monthly quantity demanded for cars (in thousands of cars)?
Price (dollars)
$23,000
21,000
19,000
17,000
15,000
600
620
640
660
680
O Column A
O Column B
O Column C
O Column D
A
C
D
668 532 668
680
552
682
620
572
784
648
592
726
668
612 748 688
688
708
728
748
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