The table shows data on quantity demanded for college textbooks in June. In August, the new incoming freshmen join the university. The additional demand for college textbooks in August is shown in the last column of the table. Which of the following is true about the market for textbooks in August? $$\begin{array} { | l | l | l | }
\hline \text { Textbook price } & \begin{array} { l }
\text { Number of textbooks } \
\text { demanded by } \
\text { students in June }
\end{array} & \begin{array} { l }
\text { Number of additional } \
\text { textbooks demanded } \
\text { by students in August }
\end{array} \
\hline \$ 75 & 1200 & 2700 \
\hline \$ 99 & 1050 & 1800 \
\hline \$ 149 & 899 & 1316 \
\hline \$ 300 & 412 & 555 \
\hline
\end{array}$$
A)At a price of $75, the total market demand for textbooks in August is 2700.
B)At a price of $99, the total market demand for textbooks in August is 1050.
C)At a price of $149, the total market demand for textbooks in August is 417.
D)At a price of $300, the total market demand for textbooks in August is 967.

Question

The table shows data on quantity demanded for college textbooks in June. In August, the new incoming freshmen join the university. The additional demand for college textbooks in August is shown in the last column of the table. Which of the following is true about the market for textbooks in August? $$\begin{array} { | l | l | l | } 
\hline \text { Textbook price } & \begin{array} { l } 
\text { Number of textbooks } \
\text { demanded by } \
\text { students in June }
\end{array} & \begin{array} { l } 
\text { Number of additional } \
\text { textbooks demanded } \
\text { by students in August }
\end{array} \
\hline \$ 75 & 1200 & 2700 \
\hline \$ 99 & 1050 & 1800 \
\hline \$ 149 & 899 & 1316 \
\hline \$ 300 & 412 & 555 \
\hline
\end{array}$$
A)At a price of $75, the total market demand for textbooks in August is 2700.
B)At a price of $99, the total market demand for textbooks in August is 1050.
C)At a price of $149, the total market demand for textbooks in August is 417.
D)At a price of $300, the total market demand for textbooks in August is 967.

Quizplus · Accepted Answer

The total market demand for textbooks in August at each price point is the sum of the demand in June and the additional demand in August. For the $300 price point, the demand in June is 412 and the additional demand in August is 555, summing up to 967.

The Table Shows Data on Quantity Demanded for College Textbooks