Based on the demand schedule for DVD players below, if the price of a player dec
ID: 2441499 • Letter: B
Question
Based on the demand schedule for DVD players below, if the price of a player decreased from $60 to $40, which of the following would take place?
Question 3 options:
The quantity demanded would increase by 25 units.
The quantity demanded would increase by 35 units.
The quantity demanded would increase by 60 units.
The quantity demanded would not be impacted.
The quantity demanded would increase by 25 units.
The quantity demanded would increase by 35 units.
The quantity demanded would increase by 60 units.
The quantity demanded would not be impacted.
Explanation / Answer
Answer is B). The quantity demanded would increase by 35 units.
Explanation: Quantity demanded at price $60 is 25 and the quantity demanded at $40 is 60.
So the quantity demanded is increased by 60 - 25 = 35.
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