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Author Question: Assume the price of a movie is 10. Jenna demands 2 movies per week, Sam demands 3 movies per week, ... (Read 94 times)

c0205847

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  • Posts: 531
on: Jul 1, 2018
Assume the price of a movie is 10. Jenna demands 2 movies per week, Sam demands 3 movies per week, and Jordan demands 8 movies per week. From this information we can conclude that
 
  A) the market quantity demanded at a price of 10 is at least 13 movies per week.
  B) Jordan is obviously more wealthy than either Sam or Jenna.
  C) Sam is irrational compared to Jenna or Jordan.
  D) the movie industry is unprofitable.

Question 2

If the price is 5 and the quantity demanded is 100 units, then at a price of 10, the quantity demanded will be
 
  A) less than or equal to 100 units.
  B) greater than or equal to 100 units.
  C) less than or equal to 1000 units.
  D) equal to 100 units.


makaylafy

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


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