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asap please 18. This table shows individual demand schedules for a market. Price

ID: 1102591 • Letter: A

Question

asap please

18. This table shows individual demand schedules for a market. Price of Good Barney's Demand Betty's Demand 20 18 16 14 12 10 23 18 $0.00 $0.50 $1.00 $1.50 $2.00 $2.50 According to the table shown, what can be sald of Betty and Barney's demand for this good? A. Betty's and Barney's demand both follow the law of demand B. Barney's demand follows the law of demand, but Betty's does not. C. Betty's demand follows the law of demand, but Barney's does not D. Neither Betty's nor Barney's demand follows the law of demand

Explanation / Answer

Answer
Option A
Both schedules shows that increase in price decreases quantity demanded so both follows demand law
the demanding law is when all other things are constant, the increase in price decreases quantity demanded.