ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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The monthly quantity demanded for cars is shown in the table below.
Demand for Cars
Price
(dollars)
$23,098
21,000
17,808
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)
123,000
21,880
19,000
17,000
15,000
640
660
688
Column A
O Column B
Column C
Column D
668
628
708
728
532
552
572
592
672
688
682
620
784
648
726 1668
748
680
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Transcribed Image Text:The monthly quantity demanded for cars is shown in the table below. Demand for Cars Price (dollars) $23,098 21,000 17,808 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) 123,000 21,880 19,000 17,000 15,000 640 660 688 Column A O Column B Column C Column D 668 628 708 728 532 552 572 592 672 688 682 620 784 648 726 1668 748 680
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