Suppose the Market for Shoes Consists of Three Consumers At $100 Per Pair, Market Demand:
A)intersects the Y-Axis

question 28

Multiple Choice

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

• A)intersects the y-axis.
• B)intersects the x-axis.
• C)is the same as Leigh's demand.
• D)is less than the quantity supplied.

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Definitions:

Behavior

Actions or reactions of an individual in response to external or internal stimuli.

Feelings

Emotional states or reactions that are subjectively experienced as pleasant or unpleasant.

Usual Pattern

The common or typical way in which something happens or tends to occur.

Behavior

The way in which one acts or conducts oneself, especially towards others.