This Table Shows Individual Demand Schedules for a Market

question 136

Multiple Choice

This table shows individual demand schedules for a market. According to the table shown,what can be said of Betty and Barney's demand for this good?

• A) Betty's and Barney's demand both follow the law of demand.
• B) Barney's demand follows the law of demand, but Betty's does not.
• C) Betty's demand follows the law of demand, but Barney's does not.
• D) Neither Betty's nor Barney's demand follows the law of demand.

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Definitions:

Merger

The combination of two or more companies into one, where one corporation is completely absorbed by another corporation.

Consolidation

The joining of two corporations.

Securities

Financial instruments that signify ownership in a public company (stocks), a creditor relationship with a governmental body or a corporation (bonds), or rights to ownership as represented by an option.

Fractional Interest

Ownership in a part or fraction of an asset, where the ownership is shared among multiple parties.