Andrew's Demand for Fish Is: Q_A=12- 3P

question 50

Multiple Choice

Andrew's demand for fish is: Q_A=12- 3P. Betty's demand for fish is: Q_B=16- 4P and Cathy's demand for fish is: Q_C=20- 5P. Q is the number of pounds of fish and P is the price of fish per pound. If Andrew, Betty and Cathy are the only people living in their village, and if the price of fish is P=$1 per pound, then Andrew is consuming of the fish in the village?

• A)33%.
• B)30%.
• C)0%.
• D)25%.

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Definitions:

Symbolize

The act of representing something using symbols or symbolism.

Neither

A conjunction used to indicate that two or more specified alternatives are not the case.

Antecedent

The first part of a conditional statement, the "if" clause, indicating the condition in a hypothetical proposition.

Consequent

The outcome or result in a conditional statement, typically represented as the "then" part in an "if-then" logic proposition.