Table 7-5 For Each of Three Potential Buyers of Oranges, the Table

question 174

Multiple Choice

Table 7-5
For each of three potential buyers of oranges, the table displays the willingness to pay for the first three oranges of the day. Assume Allison, Bob, and Charisse are the only three buyers of oranges, and only three oranges can be supplied per day.
-Refer to Table 7-5. If the market price of an orange is $0.70, then the market quantity of oranges demanded per day is

• A)5.
• B)6.
• C)4.
• D)7.

---

Definitions:

Conscious Experience

The awareness of one's own internally and externally directed perceptions, thoughts, and feelings.

Physiological Arousal

Physical states of alertness and activation resulting from activation of the central nervous system, often in response to stimuli.

Parasympathetic Nervous System

The part of the autonomic nervous system that calms the body.

Sympathetic Nervous System

The part of the autonomic nervous system that arouses the body to mobilize it for action and thus is involved in the experience of stress.