Question

Exam 1. Chapter 3&46 Help Save 1 Suppose there are three buyers of candy in a market. Tes Dex and Rex. The market dem and Rex are shown in the table below a Far in the table gray shaded cells for the missing values to 3 b. Which buyer demands the least at a price of $123 Click to select The most at a price of 547 Cck to select) Which buyer's quantity demanded increases the most when the price is lowered from 5 Click to select) d. Which direction would the market demand curvesh Tex wirdrew from the Tack to select What if Dew doubled his purchases at each posible price? change in the demandedor the total quantity demanded increases from 23 Suppose that at a price of a chance in demand? por as Nood &

Answer 1

Individual Quantity Demanded

Price	Tex	Dex	Rex	Total
$ 15	4	2	3	9
14	6	3	7	16
13	8	4	11	23
12	10	5	15	30
11	12	6	19	37

B. The demand of Dex is least at a price of $ 12.

Rex has most demand at a price of $ 14.

C. The demand of Rex increases the most between the price $ 14 to $ 13.

D. If Tex withdrew his demand then the aggregate demand will be less. Thus, the demand curve will shift leftwards.

I don't know the option it may be leftwards or inwards.

If Dex doubles his demand then the aggregate demand will shift rightwards.

E. Change in demand.