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Suppose there are three buyers of candy in a market: Tex, Dex, and Rex. The market demand and the individual demands of Tex, Dex,
Suppose there are three buyers of candy in a market: Tex, Dex, and Rex. The market demand and the individual demands of Tex, Dex, and Rex are shown in the following table. a. Fill in the missing values (gray-shaded cells) in the table. Individual Quantities Demanded Price per Candy Tex Dex Rex Total Quantity Demanded $ 8 1 3 3 7 3 4 14 6 5 11 21 5 7 15 28 4 9 19 b. Which buyer demands the least at a price of $5? (Click to select): The most at a price of $7? (Click to select) # c. Which buyer's quantity demanded increases the most when the price decreases from $7 to $6? (Click to select) d. Which direction would the market demand curve shift if Tex withdrew from the market? < Prev 14 of 22 Next >
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