Pandalover1877 Pandalover1877

31-01-2020
Business

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Suppose there are only three people in the economy: Jane, Harry, and Bob. The individual demand for corn for each of these consumers is given in Exhibit 3-1. The total quantity demanded of corn if the market price is $5 is ____.A. 32B. 51C. 78D. 26

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kaympoey08 kaympoey08

03-02-2020

Answer:

The question is incomplete. Please find attached document of the diagram .

The correct answer will be 25

Explanation:

The answer is arrived at by adding individual quantity demanded for corn. in this case it will be Jane 0 , Harry 8, Bob 17 = 0+17+8 =25

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