Table 41 -Refer to the Demand Schedule in Table 4

question 135

Multiple Choice

Table 4.1
$$\begin{array}{l}\text { + Table } 4.1\\\begin{array} { | l | l | l | l | } \hline \text { Cards } & \text { Don } & \text { Jon } & \text { Ron } \\\hline \$ 2 & 3 & 2 & 1 \\\hline \$ 1.50 & 4 & 5 & 3 \\\hline\end{array}\end{array}$$
-Refer to the demand schedule in Table 4.1. There are three consumers in the market for playing cards: Don, Jon, and Ron. At a price of $2 per pack, the quantities demanded by each are 3 packs, 2 packs, and 1 pack, respectively. At a price of $1.50 per pack, the quantities demanded by each are 4 packs, 5 packs, and 3 packs, respectively. Which of the following is true?

• A) The market demand curve for playing cards does not follow the law of demand.
• B) The decrease in price causes the quantity demanded in this market to increase by 6 packs.
• C) The price decrease causes Don's demand curve to shift more than Jon's and Ron's.
• D) At a price of $1 per pack, the quantity demanded in this market must be 20 packs.
• E) Don's behavior does not follow the law of demand.

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