Table 4-1
a Market Is Represented by the Table Below

question 168

Multiple Choice

Table 4-1
A market is represented by the table below:
Quantities demanded:
$\begin{array}{|c|c|c|c|c|}\hline\text { Price of the good}&\text { John }&\text { Lee }&\text { Amy }&\text { Jean }\\\hline \$ 0.50 & 36 & 25 & 12 & 5 \\\hline 1.00 & 30 & 22 & 8 & 4 \\\hline 2.00 & 25 & 20 & 3 & 3 \\\hline 3.00 & 20 & 19 & 1 & 2 \\\hline 4.00 & 10 & 18 & 0 & 1 \\\hline 5.00 & 5 & 17 & 0 & 0 \\\hline\end{array}$
-Refer to Table 4-1.If the price of the good is $4, the quantity demanded in this market would be:

• A)125 units
• B)51 units
• C)22 units
• D)29 units

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Definitions:

Materialism

a philosophical position that holds physical matter as the only or fundamental reality and discounts any independent existence of mental states or consciousness.

Idealism

A philosophy that emphasizes the primacy of ideas and ideals in interpreting experience and guiding actions, often contrasted with materialism.

Scorched Earth Policy

A military strategy that involves destroying anything that might be useful to the enemy while advancing through or withdrawing from an area.