Suppose the Market for Shoes Consists of Three Consumers What Is the Market Demand for Shoes When the Price

question 71

Multiple Choice

Suppose the market for shoes consists of three consumers. The table below shows the quantity demanded at various prices for each consumer: $$\begin{array} { | c | c | c | c | } \hline \begin{array} { c } \text { Price Per } \\\text { Pair }\end{array} & \begin{array} { c } \text { Pairs } \\\text { Demanded } \\\text { by Pat }\end{array} & \begin{array} { c } \text { Pairs } \\\text { Demanded } \\\text { by Leigh }\end{array} & \begin{array} { c } \text { Pairs } \\\text { Demanded } \\\text { by Chris }\end{array} \\\hline \$ 100 & 0 & 1 & 0 \\\hline \$ 75 & 0 & 3 & 1 \\\hline \$ 50 & 1 & 7 & 3 \\\hline \$ 30 & 2 & 10 & 5 \\\hline\end{array}$$ What is the market demand for shoes when the price is $50 a pair?

• A)7 pairs
• B)11 pairs
• C)15 pairs
• D)It will depend on the quantity supplied when the price is $50 a pair.

---

Definitions:

Phasic Receptors

Sensory receptors that detect changes in stimulus intensity, adapting quickly and only responding to the onset and cessation of stimuli.

Primary Receptors

Sensory cells or nerve endings that respond directly to stimuli from the environment, such as light, sound, or chemicals.

Secondary Receptors

Molecules or structures in cells that detect signals from primary receptors and help propagate the signal inside the cell, often involved in signal amplification.

Tonic Receptors

Sensory receptors that respond to stimuli over a prolonged period, maintaining the perception of a sensation.