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Question 4 1 pts table[[Price,table[[Quantity],[Demanded],[by John]],table[[Quantity],[Demanded],[by Albert]],table[[Quantity],[Demanded],[by Phillip]]],[ $20 ,2,5,8],[ $18 ,3,7,11],[ $16 ,4,9,14],[ $14 ,5,11,17],[ $12 ,6,13,20],[ $10 ,7,15,23]] Refer to the Table. If
Question 4\ 1 pts\ \\\\table[[Price,\\\\table[[Quantity],[Demanded],[by John]],\\\\table[[Quantity],[Demanded],[by Albert]],\\\\table[[Quantity],[Demanded],[by Phillip]]],[
$20
,2,5,8],[
$18
,3,7,11],[
$16
,4,9,14],[
$14
,5,11,17],[
$12
,6,13,20],[
$10
,7,15,23]]\ Refer to the Table. If the market consists of John and Phillip only and the price decreases by
$2
, the quantity demanded in the market increases by\ 5 units.\ 1 unit.\ 4 units.\ 3 units.
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