X

# In the table below, individual demand schedules for tex, dex and rex

In the table below, individual demand schedules for Tex, Dex and Rex are shown in addition to [total] market demand.

a. Fill in the missing values in this table.

Price
Tex
Qd
Dex
Qd
Rex
Qd
Total Quantity
Demanded
\$8
4
2
1

7
4
3

9
6

5
4
14
5
5

7
23
4
6
8
8

b. (i) Which buyer demands the most at a price of \$7?

(ii) Which buyer’s quantity demanded increases the least when the price is lowered from \$7 to \$6?

c. Which direction would the market demand curve shift if Tex withdrew from the market?

d. What if Dex doubled his purchases at each possible price?

e. Suppose that at a price of \$6, the total quantity demanded increases from 14 to 22. Is this a ‘change in the quantity demanded’ or a ‘change in demand’?

Don't use plagiarized sources. Get Your Custom Essay on
In the table below, individual demand schedules for tex, dex and rex
From as low as \$5/Page

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

### Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.