The Following Table Shows the Demand Schedules of Three Consumers

question 17

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.What is the market demand for wine when the price is $1?

• A) 50 units
• B) 51 units
• C) 76 units
• D) 80 units

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Definitions:

Ogbanje Child

A concept from Igbo culture referring to a child believed to be a spirit that dies and is reborn multiple times into the same family, often causing tragedy.

Symptoms

Signs or indications of a disease, disorder, or condition.

Psychological Dynamics

The interplay of various psychological forces or processes underlying human behavior and mental states.

Socialised

The process of learning and adopting the norms, customs, values, and roles appropriate to one's society or social group.