Business
Business, 18.07.2020 01:01, lataviabaker4608

Suppose John and Wayne are the only two demanders of cowboy movies. Each month, John buys 6 cowboy movies when the price is $10 each, and he buys 4 cowboy movies when the price is $15 each. Each month, Wayne buys 4 cowboy movies when the price is $10 each, and he buys 2 cowboy movies when the price is $15 each. Which of the following points is on the market demand curve? a) quantity demanded = 2; price = $15
b) quantity demanded = 4; price = $25
c) quantity demanded = 10; price = $10
d) quantity demanded = 16; price = $25

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Answers: 2

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Suppose John and Wayne are the only two demanders of cowboy movies. Each month, John buys 6 cowboy m...

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