The table given below reports the quantity demanded of a good by individuals 1,2,and 3 at different prices.
Table 3.1
-Refer to Table 3.1.If Quantity Demanded 1,Quantity Demanded 2,and Quantity Demanded 3 are market demand schedules,then the change from Quantity Demanded 1 to Quantity Demanded 2 may have been due to:
Definitions:
Net Requirements
The total amount of a material or product required, taking into account current inventory and any orders in process, to meet customer demand.
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