Table 4-13
The demand schedule below pertains to sandwiches demanded per week.
-Refer to Table 4-13. Suppose x = 1. Then the slope of the market demand curve is
A)-3.
B)-1/3.
C)1/3.
D)3.

Question

Table 4-13
The demand schedule below pertains to sandwiches demanded per week. 
-Refer to Table 4-13. Suppose x = 1. Then the slope of the market demand curve is
A)-3. 
B)-1/3. 
C)1/3. 
D)3.

Quizplus · Accepted Answer

The slope of the market demand curve is determined by the change in quantity demanded over the change in price. If x = 1, the slope is -1/3, indicating that for every unit increase in price, the quantity demanded decreases by 1/3 unit.

Table 4-13 The Demand Schedule Below Pertains to Sandwiches Demanded Per Week