the table below represents the demand for bottles of sunscreen at Daytona Beach on a sunny June day.   Demand for Sunscreen Price (dollars) Quantity of Sunscreen Demanded (bottles) $4 7,200 8 7,000 12 6,800 16 6,600 20 6,400 If the price of a bottle of sunscreen is $12, what will be the quantity demanded?

MACROECONOMICS
14th Edition
ISBN:9781337794985
Author:Baumol
Publisher:Baumol
Chapter4: Supply And Demand: An Initial Look
Section: Chapter Questions
Problem 1DQ
icon
Related questions
Question

the table below represents the demand for bottles of sunscreen at Daytona Beach on a sunny June day.

 

Demand for Sunscreen

Price (dollars) Quantity of Sunscreen Demanded (bottles)
$4 7,200
8 7,000
12 6,800
16 6,600
20 6,400

If the price of a bottle of sunscreen is $12, what will be the quantity demanded?

 

 

 

 

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
MACROECONOMICS
MACROECONOMICS
Economics
ISBN:
9781337794985
Author:
Baumol
Publisher:
CENGAGE L
Microeconomics: Principles & Policy
Microeconomics: Principles & Policy
Economics
ISBN:
9781337794992
Author:
William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:
Cengage Learning
Survey Of Economics
Survey Of Economics
Economics
ISBN:
9781337111522
Author:
Tucker, Irvin B.
Publisher:
Cengage,
Micro Economics For Today
Micro Economics For Today
Economics
ISBN:
9781337613064
Author:
Tucker, Irvin B.
Publisher:
Cengage,
Microeconomics A Contemporary Intro
Microeconomics A Contemporary Intro
Economics
ISBN:
9781285635101
Author:
MCEACHERN
Publisher:
Cengage
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning