1) 2) 3) 4) 5) Price $5 $4 $3 $2 $1 SO 1) Quantity Demanded by Michelle...

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Price $5 $4 $3 $2 $1 SO 1) Quantity Demanded by Michelle 15 17 4) 18 9 10 5 units. 2) 4 units. 3) 2 units. Quantity Demanded by Laura 3 units. 14 16 18 10 12 14 Quantity Demanded by Hillary 11 Refer to Table 4-1. If the market consists of Michelle, Laura, and Hillary and the price falls by $1, the quantity demanded in the market increases by 13 15 17 19 21 Price $5 $4 $3 $2 $1 SO 1) Quantity Demanded by Michelle 15 17 4) 18 9 10 5 units. 2) 4 units. 3) 2 units. Quantity Demanded by Laura 3 units. 14 16 18 10 12 14 Quantity Demanded by Hillary 11 Refer to Table 4-1. If the market consists of Michelle, Laura, and Hillary and the price falls by $1, the quantity demanded in the market increases by 13 15 17 19 21

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The detailed answer for the above question is provided below 1 3 units If the market consists of Michelle Laura and Hillary and the price falls by 1 the quantity demanded in the market increases by 3 ... View the full answer