Figure 4-1 -Refer to Figure 4-1.If These Are the Only Two Consumers

question 140

Multiple Choice

Figure 4-1

-Refer to Figure 4-1.If these are the only two consumers in the market,then the market quantity demanded at a price of $12 is

• A) 3 units.
• B) 6 units.
• C) 9 units.
• D) 12 units.

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Definitions:

Contract Law

The body of law that governs the creation and enforcement of agreements between parties.

Canada

A country in North America consisting of 10 provinces and 3 territories, known for its vast landscapes and multicultural diversity.

Enforceable

A legal term describing a contract or obligation that is recognized by law and can be upheld in a court of law.

Deposit

A deposit is a sum of money paid into a bank account or paid as part of a financial transaction as a pledge or part-payment, often refundable under specific conditions.