Homework Answers
Answer to the question is option b) 300
This is because , at the price of $2 , demand of all the 3 consumers (Aaron , David and Sarah) is added , that is , at $2 Aaron demands little less than 50 units , David demands around 150 units and Sarah demands around 100 units. Adding these individual demands gives the market demand at $2. So the market demand is likely to be 300 units.
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