Table 4-13 The demand schedule below pertains to sandwiches demanded per week. Price Harry’s Quantity Demanded...
Table 4-13
The demand schedule below pertains to sandwiches demanded per
week.
|
Price |
Harry’s |
Darby’s |
Jake’s |
|
$3 |
3 |
4 |
3 |
|
$5 |
1 |
2 |
x |
Refer to Table 4-13. Suppose Harry, Darby, and Jake are the only demanders of sandwiches. Also suppose x = 2. Then
| a. |
the slope of Jake’s demand curve is -1/2, and the slope of the market demand curve is -5/2. |
|
| b. |
the slope of Jake’s demand curve is -1/2, and the slope of the market demand curve is -2/5. |
|
| c. |
the slope of Jake’s demand curve is -2, and the slope of the market demand curve is -5/2. |
|
| d. |
the slope of Jake’s demand curve is -2, and the slope of the market demand curve is -2/5. |
Homework Answers
Slope of Harry demand curve=-2/2=-1
Darbys demand curve slope=-2/2=-1
slope of Jakes demand curve=-2/1=-2
slope of market demand curve=-2/5
ans is D
Add Answer to:
Table 4-13
The demand schedule below pertains to sandwiches demanded per
week.
Price
Harry’s
Quantity
Demanded...
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