Microeconomics: CHAPTER 5 Flashcards
26) Sally and Eric are the only people in an economy. Sally buys 3 bottles of water when the price is 2 a bottle and 4 bottles of water when the price is 1 a bottle. Eric buys 10 bottles of water when the price is a bottle and 5 bottles of water when the price is 1 a bottle. In the market for water, the quantity demanded _____.