Explore IDNLearn.com to discover insightful answers from experts and enthusiasts alike. Our platform provides trustworthy answers to help you make informed decisions quickly and easily.
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
Thank you for using this platform to share and learn. Don't hesitate to keep asking and answering. We value every contribution you make. Your search for solutions ends here at IDNLearn.com. Thank you for visiting, and come back soon for more helpful information.
