Table 4-5
The table below shows the quantities demanded of cases of Mt. Dew per month by four families at various prices.
-Refer to Table 4-5. Suppose the four families listed in the table are the only demanders of Mt. Dew in the market. If the price of a case of Mt. Dew decreases by $1, the
A)market quantity demanded decreases by 10.
B)market quantity demanded increases by 10.
C)Adams family increases its quantity demanded by more than the Smith family.
D)Jones family increases its quantity demanded by more than the Williams family.

Question

Table 4-5
The table below shows the quantities demanded of cases of Mt. Dew per month by four families at various prices. 
-Refer to Table 4-5. Suppose the four families listed in the table are the only demanders of Mt. Dew in the market. If the price of a case of Mt. Dew decreases by $1, the
A)market quantity demanded decreases by 10. 
B)market quantity demanded increases by 10. 
C)Adams family increases its quantity demanded by more than the Smith family. 
D)Jones family increases its quantity demanded by more than the Williams family.

Quizplus · Accepted Answer

As shown in the table, when the price of Mt. Dew decreases by $1, the quantity demanded by each family increases by 2 cases. Therefore, the market quantity demanded (sum of quantities demanded by all four families) increases by 8 cases.

Table 4-5 the Table Below Shows the Quantities Demanded of Cases of Cases