2 Construct the market demand schedule. What is the maximum price that Ann, Beth and Cathy are...

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2 Construct the market demand schedule. What is the maximum price that Ann, Beth and Cathy are willing to pay to travel 20 kilometres? Why?

The table gives the demand schedules for train travel for the only buyers in the market: Ann, Beth and Cathy.

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Economics

ISBN: 9781118150122

10th European Edition

Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews

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Question Posted: Nov 06, 2024 03:00 AM

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2 Construct the market demand schedule. What is the maximum price that Ann, Beth and Cathy are...

Question:

Price (euros per kilometre) Quantity demanded (kilometres) Ann Beth Cathy 3456 3 30 25 20 4 25 20 15 20 15 10 15 10 P 10 5 5 0 8 5 0 0 9 0 0 0

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Economics

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