Table 4-3 -Refer to Table 4-3. If These Are the Only Four

question 213

Multiple Choice

Table 4-3
-Refer to Table 4-3. If these are the only four buyers in the market, then when the price increases from $1.00 to $1.50, the market quantity demanded

• A)decreases by 1.75 units.
• B)increases by 2 units.
• C)decreases by 7 units.
• D)decreases by 24 units.

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Definitions:

Comparison Operator

A symbol or function in programming and mathematics that evaluates the relationship between two values, indicating if one is greater than, less than, equal to, etc.

Absolute Reference

In spreadsheet applications, a cell reference that remains constant, even if the formula containing it is moved or copied to a different cell.

Error Message

An error message is a notification displayed by a computer or application indicating that an operation has failed or an error has occurred.

Logical Test

An operation in computing that returns true or false based on specified conditions.