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 Denanded (thousands of cars) Price (dollars) $23,000 21,000 600 620 640 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)? 19,000 17,000 15,000 660 680 A D B C 532 660 668 600 688 552 682 620 708 572 784 648 728 592 726 660 748 612 748 680

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 Denanded (thousands of cars) Price (dollars) $23,000 21,000 600 620 640 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)? 19,000 17,000 15,000 660 680 A D B C 532 660 668 600 688 552 682 620 708 572 784 648 728 592 726 660 748 612 748 680

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter4: Supply And Demand: An Initial Look

Section: Chapter Questions

Problem 1DQ

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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 C D 668 532 668 680 552 682 620 572 784 648 592 726 668 612 748 688 688 708 728 748
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