This Table Shows Individual Demand Schedules for a Market

question 52

Multiple Choice

This table shows individual demand schedules for a market. According to the table shown,if the price were $0.50,what will total demand by Betty and Barney be?

• A) 18
• B) 36
• C) 75
• D) 47

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Definitions:

Trading Securities

Financial instruments like stocks or bonds held by a firm, primarily for the purpose of selling them in the near term to realize a gain.

Long-term

Pertaining to or occurring over an extended period, often exceeding one year, in the context of investments, loans, or planning.

Profit Margin

A financial ratio that measures the percentage of revenue remaining after all expenses have been deducted from sales.

Net Income

A company’s remaining income after total revenue has had taxes, expenses, and costs deducted from it.