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Question
Refer to the table below:
Price of iPhones | Christyu2019s Demand | Loriu2019s Demand |
| $700.00 | 0 | 0 |
| $650.00 | 1 | 0 |
| $500.00 | 1 | 1 |
| $450.00 | 2 | 1 |
| $300.00 | 4 | 2 |
| $275.00 | 5 | 3 |
| $250.00 | 6 | 4 |
| $100.00 | 7 | 4 |
| $50.00 | 10 | 5 |
Assume that the market for iPhones has only two consumers: Christy and Lori. According the table above, if the price of an iPhone is $285, the market will demand ________ iPhones.
a. 8
b. 6
c. 5
d. 28
e. 45
Answer
This answer is hidden. It contains 53 characters.
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