Westonci.ca is the premier destination for reliable answers to your questions, brought to you by a community of experts. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.
Sagot :
Her monthly quantity demanded by month at the current price is $17.80.
When the movies were $2.95 a month, she rented 10, meaning she spent $29.50 (2.95 * 10)
She then rented two fewer movies, meaning she rented 10-2 which equals 8, and spent $27.60 (3.45 * 8)
She then cut the number of movies rented in half 8/2 which equals 4, and spent $17.80 (4.45 * 4)
So she now rents 4 movies per month, and spends $17.80
What is Quantity Demanded ?
Quantity demanded is a term used in economics to describe the total amount of a good or service that consumers demand over a given interval of time. It depends on the price of a good or service in a marketplace, regardless of whether that market is in equilibrium.
Learn more about quantity demanded on:
https://brainly.com/question/24746638
#SPJ4
Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.
