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The Demand Curve for a Good Is Given by P

Question 68

Multiple Choice

The demand curve for a good is given by p = 160 - 6q, where p is the price and q is the quantity of the good.Suppose that the number of consumers in the economy doubles; a "clone" of each consumer, who has exactly the same demand curve as the original consumer, appears.The demand curve for the doubled economy is described by


A) p = 320 - 6q.
B) p = 320 - 12q.
C) p = 160 - 12q.
D) p = 160 - 3q.
E) p = 80- 3q.

Correct Answer:

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