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

question 180

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. The market quantity of oranges demanded per day is exactly 7 if the price of an orange, P, satisfies

• A)$0.60 < P < $0.75.
• B)$0.60 < P < $2.00.
• C)$0.25 < P < $0.75.
• D)$0.25 < P < $0.60.

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Definitions:

KBr

Potassium bromide, a chemical compound consisting of potassium (K) and bromine (Br), used mainly in photography and in medication.

AgBr

Silver bromide, a chemical compound used in photographic films and papers.

Lead(II) Nitrate

A white to colorless crystalline chemical compound used in making other lead compounds and some pyrotechnics.

Sodium Chloride

A white crystalline compound known as table salt, widely used in food seasoning and preservation; its chemical formula is NaCl.