Use the Following to Answer Question

question 75

Multiple Choice

Use the following to answer question:
Figure 5.22
-(Figure 5.22) Suppose there are only two consumers in the market for good X. The total quantity demanded in the market at a price of $3 is _____, and the total quantity demanded in the market at a price of $12 is _____.

• A) 20; 2
• B) 20; 5
• C) 6; 3
• D) 18; 0

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Definitions:

Weekly Salaries

The amount of money or compensation given to an employee for one week of work.

Teaching Experience

The accumulated amount of time and expertise gained by an individual in the field of education, through the act of instructing or training learners.

Weights

Objects, often made of metal, used during exercise to increase strength or resistance training.

Heights

The measurement of how tall something or someone is, or the vertical distance from the bottom to the top.