The Table Given Below Reports the Quantity Demanded of a Good

question 15

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. If Quantity Demanded 1, Quantity Demanded 2, and Quantity Demanded 3 are market demand schedules, then the change from Quantity Demanded 1 to Quantity Demanded 2 may have been due to:

• A)an increase in price.
• B)a decrease in the number of sellers.
• C)an increase in the number of buyers.
• D)a decrease in price.
• E)an increase in the price of a complementary good.

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