The monthly quantity demanded for cars is shown in the table below. Demand for Cars Price (dollars) $23,000 21,000 19,000 17,000 15,000 Quantity of Cars Demanded (thousands of cars) An increase in income increases the quantity demanded by 10% at every price. Which of the following columns represents the new monthly quantity demanded for cars (in thousands of cars)? Price (dollars) $23,000 21,000 19,000 17,000 15,000 600 620 640 660 680 O Column A O Column B O Column C O Column D A 668 688 708 572 728 592 748 612 C 669 B 532 552 682 784 726 668 748 688 D 600 620 648
The monthly quantity demanded for cars is shown in the table below. Demand for Cars Price (dollars) $23,000 21,000 19,000 17,000 15,000 Quantity of Cars Demanded (thousands of cars) An increase in income increases the quantity demanded by 10% at every price. Which of the following columns represents the new monthly quantity demanded for cars (in thousands of cars)? Price (dollars) $23,000 21,000 19,000 17,000 15,000 600 620 640 660 680 O Column A O Column B O Column C O Column D A 668 688 708 572 728 592 748 612 C 669 B 532 552 682 784 726 668 748 688 D 600 620 648
Chapter4: Supply And Demand: An Initial Look
Section: Chapter Questions
Problem 1DQ
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