(Table: the Demand for Chocolate-Covered Peanuts) Look at the Table

question 34

Essay

(Table: The Demand for Chocolate-Covered Peanuts) Look at the table The Demand for Chocolate-Covered Peanuts.If George, Barbara, and Dan are the only three buyers in the market and the price of a bag of chocolate-covered peanuts is $0.50, the total market demand is
________ bags per month.
A.80
B.105
C.210
D.280

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Definitions:

Price

The amount of money expected, required, or given in payment for something.

Equilibrium Price

The price at which the supply of an item matches its demand, resulting in market stability.

Market

A venue or mechanism through which buyers and sellers interact to trade goods, services, or financial instruments.

Tax

A compulsory financial charge or levy imposed by a government on individuals or entities to fund public expenditures.