In a town behind the local mountains, 3 individuals each buy flowers following their individual demands P = 8 − Q and 2 individuals each follow their individual demand P = 3 −Q. For prices between $0 to $3, the town’s aggregate demand for flowers is given by (a) P = 11 − 2Q (b) P = 30 − 5Q (c) P = 30 −Q5 (d) P = 6 −Q5 (e) None of the above
In a town behind the local mountains, 3 individuals each buy flowers following their individual demands P = 8 − Q and 2 individuals each follow their individual demand P = 3 −Q. For prices between $0 to $3, the town’s aggregate demand for flowers is given by (a) P = 11 − 2Q (b) P = 30 − 5Q (c) P = 30 −Q5 (d) P = 6 −Q5 (e) None of the above
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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In a town behind the local mountains, 3 individuals each buy flowers following their
individual demands P = 8 − Q and 2 individuals each follow their individual demand P = 3 −Q. For prices between $0 to $3, the town’s aggregate demand for flowers is given by
(a) P = 11 − 2Q
(b) P = 30 − 5Q
(c) P = 30 −Q5
(d) P = 6 −Q5
(e) None of the above
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