- Price Dollars Per Bottle Price Dollars Per Bottle 2 50 2 00 1 50 1 00 0 50 0 A Tina S Demand 1 00 Tina S Demand 3 1 (29.41 KiB) Viewed 42 times
- Price Dollars Per Bottle Price Dollars Per Bottle 2 50 2 00 1 50 1 00 0 50 0 A Tina S Demand 1 00 Tina S Demand 3 2 (10.61 KiB) Viewed 42 times
Price (dollars per bottle) Price (dollars per bottle) 2.50 2.00 1.50 1,00 0.50- 0 (a) Tina's demand 1.00 Tina's demand 3 2 Quantity (bottles per day) Price (dollars per bottle) 2.00 1.50 1.00 0.50 Quantity demanded (bottles per day) Tim 0 + 3 Price (dollars per bottle) 2.50 2.00 1.50 1.00 0.50 Price (dollars per bottle) 2.50 2.00 1.50 Tim's demand 1.00 0.50 0 3 Quantity (bottles per day) (b) Tim's demand = Tina 0 1 2 0 (c) Market demand 2 0 1 2 = Market 0 1 3 5 Market demand Quantity (bottles per day)
If the price of water falls from $1.00 to 50¢ a bottle, how does the quantity demanded by the market change? Tim's quantity demanded increases from Tina's quantity demanded increases from bottles of water a day. A. 1 to 2,0 to 1: 1 to 3 B. 1 to 2; 1 to 2, 2 to 4 OC. 2 to 3; 0 to 1, 2 to 4 OD. 2 to 3, 1 to 2, 3 to 5 and the market quantity demanded increases from