There Are Three Consumers in the Market for Playing Cards

question 21

Multiple Choice

There are three consumers in the market for playing cards: Don,John,and Ron.At a price of $2 per pack,the quantities demanded by each are 3 packs,2 packs,and 1 pack,respectively.At a price of $1.50 per pack,the quantities demanded by each are 4 packs,5 packs,and 3 packs,respectively.Which of the following is true?

• A)The market demand curve for playing cards does not follow the law of demand.
• B)The decrease in price causes the quantity demanded in this market to increase by 6 packs.
• C)The price decrease causes Don's demand curve to shift more than that of John and Ron.
• D)At a price of $1 per pack,the quantity demanded in this market must be 20 packs.
• E)Don's behavior does not follow the law of demand.

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Definitions:

Corporal Punishment

A disciplinary method involving the use of physical force with the intention of causing a child to experience pain, but not injury, to correct or control behavior.

Counterproductive

Activities or behaviors that hinder the achievement of a goal or the functioning of a system, rather than contributing positively towards the desired outcome.

Cognitive Functioning

The capacity of the brain to process, reason, remember, and relate information, playing a crucial role in learning and problem-solving.

Development

The process of growth and change that individuals undergo, ranging from physical to psychological aspects.