There Are Three Consumers in the Market for Playing Cards

question 57

Multiple Choice

There are three consumers in the market for playing cards: Don, John, and Ron.At a price of $2 per pack, the quantities demanded by each are 3, 2, and 1, respectively.At a price of $1.50 per pack, the quantities demanded by each are 4, 5, and 3, respectively.Which of the following is true?

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

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Definitions:

Client Systems

In social work, refers to the networks of individuals, groups, and communities that clients interact with, impacting and being impacted by their environment.

Resources

Various types of assets that can be drawn upon by individuals or organizations to function effectively, including natural, human, financial, and technological.

Generalist Intervention Model

A practice model in social work that guides professionals through a multistep process to assess cases, plan interventions, implement change strategies, and evaluate outcomes for individuals, families, groups, and communities.

Planning Phase

The initial stage of a project or strategic process where goals are defined, and methods for achieving them are devised.