Asked by Lauren Danner on Jun 06, 2024
Verified
(Table: The Demand for Chocolate-Covered Peanuts) Use Table: The Demand for Chocolate-Covered Peanuts.Barbara demands 20 bags of chocolate-covered peanuts per month when the price of each bag is:
A) $0.90.
B) $0.80.
C) $0.70.
D) $0.60.
Chocolate-Covered Peanuts
Peanuts that have been coated in a layer of chocolate, serving as a sweet and crunchy snack.
- Familiarize oneself with the outcomes of supply and demand movements on equilibrium price and quantity metrics.
- Assess the relationship between price changes and movements along or shifts of the supply and demand curves.
Verified Answer
CH
Colonte HightowerJun 09, 2024
Final Answer :
C
Explanation :
At a price of $0.70, Barbara demands 20 bags of chocolate-covered peanuts per month according to the demand table provided.
Learning Objectives
- Familiarize oneself with the outcomes of supply and demand movements on equilibrium price and quantity metrics.
- Assess the relationship between price changes and movements along or shifts of the supply and demand curves.