Table 4-7
The table below shows the quantities demanded of milk per month by four families at various prices.
$$\begin{array} { | l | l | l | l | l | }
\hline \begin{array} { l }
\text { Price of Gallon of } \
\text { Milk }
\end{array} & \begin{array} { l }
\text { The Berman } \
\text { Family }
\end{array} & \begin{array} { l }
\text { The Johnson } \
\text { Family }
\end{array} & \begin{array} { l }
\text { The Harris } \
\text { Family }
\end{array} & \text { The Patel Family } \
\hline \$ 3.00 & 9 & 15 & 12 & 14 \
\hline \$ 4.00 & 8 & 12 & 10 & 10 \
\hline \$ 5.00 & 7 & 9 & 8 & 6 \
\hline \$ 6.00 & 6 & 6 & 6 & 2 \
\hline
\end{array}$$
-Refer to Table 4-7. If the four families listed are the only demanders in this market and the price of a gallon of milk increases from $4.00 to $5.00, what is the change in the market quantity demanded?

Question

Table 4-7
The table below shows the quantities demanded of milk per month by four families at various prices.
 $$\begin{array} { | l | l | l | l | l | } 
\hline \begin{array} { l } 
\text { Price of Gallon of } \
\text { Milk }
\end{array} & \begin{array} { l } 
\text { The Berman } \
\text { Family }
\end{array} & \begin{array} { l } 
\text { The Johnson } \
\text { Family }
\end{array} & \begin{array} { l } 
\text { The Harris } \
\text { Family }
\end{array} & \text { The Patel Family } \
\hline \$ 3.00 & 9 & 15 & 12 & 14 \
\hline \$ 4.00 & 8 & 12 & 10 & 10 \
\hline \$ 5.00 & 7 & 9 & 8 & 6 \
\hline \$ 6.00 & 6 & 6 & 6 & 2 \
\hline
\end{array}$$
-Refer to Table 4-7. If the four families listed are the only demanders in this market and the price of a gallon of milk increases from $4.00 to $5.00, what is the change in the market quantity demanded?

Quizplus · Accepted Answer

The Answer of Table 4-7
The table below shows the quantities demanded of milk per month by four families at various prices.
 $$\begin{array} { | l | l | l | l | l | } 
\hline \begin{array} { l } 
\text { Price of Gallon of } \
\text { Milk }
\end{array} & \begin{array} { l } 
\text { The Berman } \
\text { Family }
\end{array} & \begin{array} { l } 
\text { The Johnson } \
\text { Family }
\end{array} & \begin{array} { l } 
\text { The Harris } \
\text { Family }
\end{array} & \text { The Patel Family } \
\hline \$ 3.00 & 9 & 15 & 12 & 14 \
\hline \$ 4.00 & 8 & 12 & 10 & 10 \
\hline \$ 5.00 & 7 & 9 & 8 & 6 \
\hline \$ 6.00 & 6 & 6 & 6 & 2 \
\hline
\end{array}$$
-Refer to Table 4-7. If the four families listed are the only demanders in this market and the price of a gallon of milk increases from $4.00 to $5.00, what is the change in the market quantity demanded?

Table 4-7 the Table Below Shows the Quantities Demanded of Milk

Table 4-7
the Table Below Shows the Quantities Demanded of Milk