Suppose That There Are Only Three Consumers of a Product

question 91

Multiple Choice

Suppose that there are only three consumers of a product. At a price of $6 per unit, the first consumer would buy 12 units of the product, the second consumer would buy 8 units, and the third consumer would buy 3 units of the product. If you drew a market demand curve for this product, the quantity demanded at a price of $6 would be

• A) 23 units.
• B) 20 units.
• C) 12 units.
• D) 11 units.

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Definitions:

Duodenal Cell

A duodenal cell is a type of cell found in the duodenum, the first segment of the small intestine, involved in digestive processes.

Enterocytes

Specialized epithelial cells lining the small intestine, involved in nutrient absorption.

Salivary Glands

Exocrine glands located in the mouth that secrete saliva, aiding in digestion and oral hygiene.

Absorb Nutrients

The process by which organisms take up and assimilate nutrients from food into their body for growth, energy, and maintenance.