The Following Table Shows the Demand Schedules of Three Consumers

question 159

Multiple Choice

The following table shows the demand schedules of three consumers of wine. Assume that these three buyers constitute the entire market.

-Refer to the table above.If the market price of wine is $8 per bottle,and the market demand for wine is 19 bottles,David's consumption of wine is ________.

• A) 4 bottles
• B) 7 bottles
• C) 9 bottles
• D) 12 bottles

---

Definitions:

Network Solutions, Inc.

A company that was originally tasked with the registration of internet domain names and has since expanded into various web technology services.

National Science Foundation

A U.S. government agency that supports fundamental research and education in all non-medical fields of science and engineering.

Copyrights

Legal protections granted to the creators of original works, giving them exclusive rights to use and distribute their creations.

Trade Dress

The overall appearance and image of a product.