The Money I Pay for Music Is a Linear Function

question 31

Multiple Choice

The money I pay for music is a linear function of the number of songs I download.If I download 7 songs, then I pay $11.98.If I download 13 songs, then I pay $18.82.How much do I pay if I download 23 songs? ​
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• A) $27.16
• B) $30.64
• C) $26.22
• D) $30.22

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Definitions:

Demand Schedule

A table or graph displaying the quantity of a good or service that consumers are willing and able to purchase at various price points within a given time frame.

Collude

To agree secretly among competitors to fix prices, bids, or terms of sale in order to manipulate a market.

Gasoline Sellers

Businesses or entities that offer gasoline for sale to consumers, ranging from multinational corporations to local gas stations.

Socially Efficient Quantity

The level of production of a good or service that optimizes social welfare, taking into account both private costs and externalities.