Homer, Bart, and Lisa are the only consumers in the market. Using ...

[rl]

Homer, Bart, and Lisa are the only consumers in the market. Using the information in the above table, what is the market demand for chocolate chip cookies at 4.00 per pound?
 
  A) 21 pounds
  B) 17 pounds
  C) 11 pounds
  D) 4 pounds

Question 2

The market demand curve is constructed by adding the
 
  A) quantities demanded by each individual at each price.
  B) prices that each individual is willing to pay at each quantity.
  C) Neither answer A nor answer B is correct.
  D) Both answer A and answer B are correct.

Question 3

A country opens up to trade and becomes an importer of a sugar. In the sugar market, consumer surplus will ________, producer surplus will ________, and total surplus will ________.
 
  A) increase; decrease; increase
  B) increase; decrease; decrease
  C) decrease; decrease; decrease
  D) decrease; increase; increase

[mohan]

Answer to Question 1

C

Answer to Question 2

Boom Correct answer

Answer to Question 3

A

[rl]

Correct answers!

[mohan]

Great! Please up vote