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Murrr4er [49]
3 years ago
13

Suppose that there are only three consumers of a product. At a price of $3 per unit, the first consumer would buy 6 units of the

product, the second consumer would buy 5 units, and the third consumer would buy 7 units of the product. If you drew a market demand curve for this product, the quantity demanded at a price of $3 would be:
Business
1 answer:
slava [35]3 years ago
3 0

Answer:

The quantity demanded at $3 would be 18 units.

Explanation:

The market demanded curve is the sum of all individual demand curves in the market. We can sum up the individual quantity demanded of a good to find out the quantity demanded by the market as a whole.  

Suppose the price of a good is $3. There are three consumers in the market.

The first consumer would buy 6 units, the second would buy 5 units and the third would buy 7 units.

The market demand for the good at the price of $3 would be,  

= 6 units + 5 units + 7 units

= 18 units

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Answer:

A). She cites a personal services company in another city that increased its business by adding dog walking to its services.

Explanation:

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7 0
3 years ago
Tidy Limited purchased a new van on January 1, 2018. The van cost $32,000. It has an estimated life of eight years and the estim
Cloud [144]

The adjusted balance in the Accumulated Depreciation account at the end of 2019 is <u>$14,000</u>.

<u> Explanation</u>:

<em><u>Given</u></em>:

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Straight-line Depreciation Rate= 1/8

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By applying the values,

The adjusted balance in the Accumulated Depreciation account= $14,000.

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neonofarm [45]

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7 0
3 years ago
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