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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #730852
Introduction to Economics 1 Deneme Sınavı Sorusu #730852
Imagine that the chocolate market consists of four individuals: individual A, B, C, and D. Each bar of chocolate costs 2 TL. Individual A’s quantity demanded is 1 bar, individual B’s quantity demanded is 2 bars, individual C’s quantity demanded is 3 bars, and individual D’s quantity demand is 1 bar. Which of the following gives the quantity demanded for PT = 2TL?
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1 |
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2 |
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5 |
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7 |
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9 |
Yanıt Açıklaması:
The price of a bar of chocolate PT is 2 TL. Individual A’s quantity demanded is 1 bar, individual B’s quantity demanded is 2 bars, individual C’s quantity demanded is 3 bars, and individual D’s quantity demand is 1 bar. Summing up all the quantities demanded at the price of 2 TL, we arrive at the quantity demanded (9 bars) for PT = 5 TL in the market. Replicating the procedure for all prices, we find the market demand curve for the market. The market demand is the sum of individual demands. The correct answer is E.
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