Table 27 a Price$35,000$30,000$25,000$20,000$15,000 Quantity Demanded in January35,00040,00045,00050,00055,000 Quantity Demandedin February40,00045,00050,00055,00060,000
-Assume Table 27a represents demand schedules for Ford Explorers. In January consumers would have been willing to purchase 45,000 cars at a price of $25,000. In February, they would have been willing to purchase 50,000 cars at a price of $25,000. This change represents
A) an increase in demand. B) an increase in quantity demanded. C) an decrease in demand. D) a decrease in quantity demanded.
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