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Scenario: A market researcher asks three consumers, A, B, and C, about their willingness to pay for ...

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Scenario: A market researcher asks three consumers, A, B, and C, about their willingness to pay for ...

Scenario: A market researcher asks three consumers, A, B, and C, about their willingness to pay for different quantities of a 20-ounce bottle of Lemon-Lime Gatorade. She collects the following information.

Refer to the scenario above. If the price of Gatorade decreases from $4.00 per bottle to $3.50 per bottle, what is consumer C's change in quantity demanded?

▸ Increase of 4 bottles

▸ Increase of 1 bottle

▸ Increase of 2 bottles

▸ No increase

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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nrod1120 Author

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Smart ... Thanks!

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Just got PERFECT on my quiz

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