(Table: Demand Schedule for Gadgets) Look at the Table Demand

question 92

Multiple Choice

(Table: Demand Schedule for Gadgets) Look at the table Demand Schedule for Gadgets.The market for gadgets is dominated by two producers, Margaret and Ray.Each firm can produce gadgets at a marginal cost of $0.The table shows the market demand schedule for gadgets.If industry output is 350 gadgets produced by Margaret and 250 gadgets produced by Ray and if Ray decides to increase output by 100, industry price will be:

• A)$3.
• B)$2.
• C)$1.
• D)$0.

---

Definitions:

Installed

The process of putting a software program onto a computer or mobile device so it can be used.

Cable TV

A system of delivering television programming through coaxial cables to subscribing consumers.

Two-Way Service

A type of service that allows for bidirectional communication between parties, enabling both sending and receiving of information.

Mobile Hotspots

Devices or smartphones that provide a portable Wi-Fi network, allowing other devices to connect to the internet through their cellular data connection.