Suppose There Are Only Two Consumers (A & B)of Good

question 74

Multiple Choice

Suppose there are only two consumers (A & B) of good X in the economy.At a price of $1 per unit consumer A demands 12 units and consumer B demands 24 units.The market demand for X at $1 per unit is:

• A)36 units.
• B)18 units.
• C)12 units.
• D)288 units.
• E)cannot be determined without knowledge of each consumer's marginal utility for the good.

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Definitions:

White Students

Students who are identified or identify themselves as having origins in any of the original peoples of Europe, the Middle East, or North Africa.

Majority Black School

An educational institution where the majority of enrolled students are of Black or African American descent.

Communication Style

The characteristic way in which individuals express themselves verbally and nonverbally when interacting with others.

Signifying

A term often used in African American literary theory that refers to a technique of indirect representation and rhetorical strategy, characterized by veiled messages and doublespeak.