Suppose John and Wayne Are the Only Two Demanders of Cowboy

question 91

Multiple Choice

Suppose John and Wayne are the only two demanders of cowboy movies.Each month,John buys six cowboy movies when the price is $10 each,and he buys four cowboy movies when the price is $15 each.Each month,Wayne buys four cowboy movies when the price is $10 each,and he buys two cowboy movies when the price is $15 each.Which of the following points is on the market demand curve?

• A)quantity demanded = 2;price = $15
• B)quantity demanded = 4;price = $25
• C)quantity demanded = 10;price = $10
• D)quantity demanded = 16;price = $25

Understand the principle of income redistribution and the philosophical debates surrounding it.

Grasp the concepts of utilitarian justice and distributional justice in relation to income distribution.

Understand the legal capacity required for binding contracts and the special considerations for contracts involving minors.

Recognize circumstances under which parents are responsible for their children's contracts or actions.

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Definitions:

Pontiac's Rebellion

A war waged by a loose confederation of indigenous tribes in the Great Lakes region, Ohio Valley, and Illinois Country against British military occupation post-French and Indian War.

British Rule

The period of colonial domination by Great Britain over various territories across the world, characterized by economic exploitation and cultural imposition, lasting until the mid-20th century.

Benjamin Franklin

A Founding Father of the United States, renowned for his contributions as an inventor, writer, politician, and diplomat.

Stono Rebellion

A 1739 slave uprising in the colony of South Carolina, one of the largest and most violent slave insurrections in the British mainland colonies.