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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, and

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 for candy are given in the table below. a. Fill in the table for the missing values.

Price per Candy

Tex Qd

Dex Qd

Rex Qd

Total Quantity Demanded

$17 1 1 3
16 3 2 12
15 3 11 19
14 7 15 26
13 9 5 19

b. (i) Which buyer demands the least at a price of $14? (Click to select) Dex Rex Tex (ii) Which buyer demands the most at a price of $16? (Click to select) Dex Tex Rex c. Which buyer's quantity demanded increases the most when the price is lowered from $16 to $15 (in absolute terms)? (Click to select) Dex Tex Rex d. (i)Which direction would the market demand curve shift if Tex withdrew from the market? (Click to select) No change Right Left (ii) Which direction would the market demand curve shift if Dex doubled his purchases at each possible price? (Click to select) Left Right No change e. Suppose that at a price of $15, the total quantity demanded increases from 19 to 29. Is this a "change in the quantity demanded" or a "change in demand"? (Click to select) Change in the quantity demanded Change in demand

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