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Question
Table 16-2| Quantity Demanded in Middle Fall (tubes per week) | Price per Tube | Quantity Demanded in West Fall (tubes per week) | Price per Tube |
| 1 | $8 | 1 | $5.00 |
| 2 | 7 | 2 | 4.50 |
| 3 | 6 | 3 | 4.00 |
| 4 | 5 | 4 | 3.50 |
| 5 | 4 | 5 | 3.00 |
Neem Products sells its Ayurvedic Neem toothpaste in two completely isolated markets with demand schedules as shown in Table 16-2. The average cost of production is constant at $2 per tube.
Refer to Table 16-2. How many tubes of toothpaste will Neem sell in West Fall and at what price?
A) Q = 2 units; P = $4.50
B) Q = 3 units; P = $4
C) Q = 4 units; P = $3.50
D) Q = 5 units; P = $3
Answer
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