Question

question 4 of 19 consider the table below. assuming the law of demand holds, the cell labeled \?\ could be which of the following quantities? price of a movie quantity of movies demanded $15 169 $17 ? 177 185 157 171

Explanation:

The law of demand states that as price increases, quantity demanded decreases (ceteris paribus). At $15, quantity demanded is 169. When price rises to $17, quantity demanded must be less than 169. Among options, only 157 is less than 169.

Answer:

157