The Table Given Below Reports the Quantity Demanded of a Good

question 54

Multiple Choice

The table given below reports the quantity demanded of a good by individuals 1, 2, and 3 at different prices.Table 3.1

-Refer to Table 3.1. Calculate the market demand at prices $5, $4, $3, $2, and $1 respectively.

• A)Market demand is 30, 40, 50, 60, and 70
• B)Market demand is 30, 60, 90, 120, and 150
• C)Market demand is 30, 50, 70, 90, and 1,100
• D)Market demand is 10, 30, 40, 50, and 70
• E)Market demand is 10, 20, 30, 40, and 50

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Definitions:

Nonrenewable Resources

Resources that do not replenish at a sustainable rate compared to their consumption, including fossil fuels and minerals.

Asthenosphere

A highly viscous, mechanically weak region of the upper mantle beneath the Earth's lithosphere.

Erupting Volcano

A geological event where molten rock, ash, and gases escape from a crack in the Earth's surface.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration. It is naturally present in the air and is absorbed by plants in photosynthesis.