Assume that you're planning to sell jackets in New York. In the Bronx, 5,000 jackets are demanded at $60, while 7,000 are demanded at $40. In Manhattan, at $60, the quantity demanded is 6,000 jackets, whereas at $40 it is 8,000. Which of the following statements is true? a) For $100, you can sell a total of 26,000 jackets b) For $60 you can sell a total of 12,000 jackets c) For $40, you can sell a total of 15,000 jackets d) For $40, you can sell a total of 14,00 jackets

Assume that you're planning to sell jackets in New York. In the Bronx, 5,000 jackets are demanded at $60, while 7,000 are demanded at $40. In Manhattan, at $60, the quantity demanded is 6,000 jackets, whereas at $40 it is 8,000. Which of the following statements is true? a) For $100, you can sell a total of 26,000 jackets b) For $60 you can sell a total of 12,000 jackets c) For $40, you can sell a total of 15,000 jackets d) For $40, you can sell a total of 14,00 jackets

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter3: Supply And Demand: Theory

Section: Chapter Questions

Problem 1QP

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		a) For $100, you can sell a total of 26,000 jackets
		b) For $60 you can sell a total of 12,000 jackets
		c) For $40, you can sell a total of 15,000 jackets
		d) For $40, you can sell a total of 14,00 jackets