Table 7-1 Refer to Table 7-1. If the Price Increases from $1.00

question 109

Multiple Choice

Table 7-1

Refer to Table 7-1. If the price increases from $1.00 to $1.50,

• A) the market demand decreases by 20 units.
• B) individual demand curves, when drawn, will shift to the left.
• C) the quantity demanded in the market decreases by 2 units.
• D) the quantity demanded in the market decreases by 7 units.