Question

Table 4-13
The demand schedule below pertains to sandwiches demanded per week.

 Price Harry’s Quantity Demanded Darby’s Quantity Demanded Jake’s Quantity Demanded \$3 3 4 3 \$5 1 2 x

Refer to Table 4-13. Suppose Harry, Darby, and Jake are the only demanders of sandwiches. Also suppose x = 2. Then

 a. the slope of Jake’s demand curve is -1/2, and the slope of the market demand curve is -5/2. b. the slope of Jake’s demand curve is -1/2, and the slope of the market demand curve is -2/5. c. the slope of Jake’s demand curve is -2, and the slope of the market demand curve is -5/2. d. the slope of Jake’s demand curve is -2, and the slope of the market demand curve is -2/5.

Slope of Harry demand curve=-2/2=-1

Darbys demand curve slope=-2/2=-1

slope of Jakes demand curve=-2/1=-2

slope of market demand curve=-2/5

ans is D

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