Exhibit 3-13

-Refer to Exhibit 3-13. Fill in blanks (A)and (B)respectively with the market quantity demanded at each given price.
A) 96; 86
B) 24; 21.5
C) 75; 64
D) 82; 72
E) none of the above

Question

Exhibit 3-13
 
-Refer to Exhibit 3-13. Fill in blanks (A)and (B)respectively with the market quantity demanded at each given price.
A) 96; 86 
B) 24; 21.5 
C) 75; 64 
D) 82; 72 
E) none of the above

Quizplus · Accepted Answer

Looking at the graph, we see that the demand curve intersects with the price axis at a quantity of 96 and 86, indicating that at a price of $0, the market would demand 96 units and at a price of $1, the market would demand 86 units. Therefore, the answer is A. 
Option B is incorrect as it does not match any of the demand curve intercepts with the price axis. Option C and D do have intercepts that match, but they do not cover all of the given prices on the graph. Option E is not correct as it implies that none of the answer choices are correct, which is not the case.

Exhibit 3-13 -Refer to Exhibit 3-13. Fill in Blanks (A)and (B)respectively with Blanks