Assume the price of a movie is $10. Jenna demands 2 movies per week, S
Assume the price of a movie is $10. Jenna demands 2 movies per week, Sam demands 3 movies per week, and Jordan demands 8 movies per week. From this information we can conclude that
A) the market quantity demanded at a price of $10 is at least 13 movies per week.
B) Jordan is obviously more wealthy than either Sam or Jenna.
C) Sam is irrational compared to Jenna or Jordan.
D) the movie industry is unprofitable.
ANSWER
A
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