Question 63
HardOriginal questionA market has three buyers. The table shows how many kilograms of apples each demands per week.
| Price (₹) | Anu | Ravi | Sara |
|---|---|---|---|
| 10 | 2 | 3 | 1 |
| 8 | 4 | 5 | 2 |
| 6 | 6 | 7 | 4 |
| 4 | 8 | 9 | 6 |
A fourth buyer enters who demands 3 kg at every price. What is the new market demand at ₹4?
Show the answer and explanation
CorrectNot quiteAnswer C
Correct answer: C
Explanation
Before the new buyer, at ₹4: 8 + 9 + 6 = 23 kg.
Adding 3 kg: 26 kg. More buyers shift the market demand curve to the right.
- Concept
- A new buyer and market demand
- Typical timeTypical
- 100 s
- Your timeYours
- —
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