The Demand Function for a Pack of Four Never Die

question 138

Multiple Choice

The demand function for a pack of four Never Die Batteries is Qd = (62 million) - (8 million × P) . The company is currently charging a price of $5 per package, but is considering decreasing the price to $4. How will the decrease in price affect how many packages of batteries consumers will buy?

• A)Consumers will decrease the quantity demanded by 30 million.
• B)Consumers will increase the quantity demanded by 30 million.
• C)Consumers will decrease the quantity demanded by 8 million.
• D)Consumers will increase the quantity demanded by 8 million.

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