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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 are shown in the following table. a. Fill in the missing values (gray-shaded cells) in the table. Individual Quantities Demanded Price per Total Quantity Candy Demanded Tex Dex Rex $ 8 4 3 6 N 15 6 3 11 22 5 10 15 29 4 12 5 19b. Which buyer demands the least at a price of $5? (Click to select) v The most at a price of $7? (Click to select) v c. Which buyer's quantity demanded increases the most when the price decreases from $7 to $6? (Click to select) v d. Which direction would the market demand curve shift if Tex withdrew from the market? (Click to select) v What if Dex doubled his purchases at each possible price? (Click to select) v e. Suppose that at a price of $6, the total quantity demanded increases from 22 to 32. Is this a \"change in the quantity demanded\" or a \"change in demand\"? (Click to select) v
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