The Demand Curve for a Good Is Given by P

question 99

Multiple Choice

The demand curve for a good is given by p = 60 - 8q, where p is the price and q is the quantity of the good.Suppose that the number of consumers in the economy doubles; a "clone" of each consumer, who has exactly the same demand curve as the original consumer, appears.The demand curve for the doubled economy is described by

• A)p = 60 - 16q.
• B)p = 120 - 8q.
• C)p = 60 - 4q.
• D)p = 120 - 16q.
• E)p = 30 - 4q.

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