Question: Table 4-1 Quantity Demanded Quantity Demanded Quantity Demanded Price by Michelle by Laura by Hillary 11 6 13 15 10 17 12 19 10 14

 Table 4-1 Quantity Demanded Quantity Demanded Quantity Demanded Price by Michelle

by Laura by Hillary 11 6 13 15 10 17 12 19

Table 4-1 Quantity Demanded Quantity Demanded Quantity Demanded Price by Michelle by Laura by Hillary 11 6 13 15 10 17 12 19 10 14 1. 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 how much? When price falls by $1 demand increases by 80% across the board. 2. Refer to Table 4-1. If the market consists of Michelle and Laura only and the price falls by $1, the quantity demanded in the market increases by how much? When price falls by $1 demand increases by 70%

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