A survey of 500 people finds that when the price of a table is $100, the people in the survey will buy a total of 250 tables. Suppose the total market size is 2,000 people. When the price of a table is $100, what is the total number of tables that will be sold in the market? 100 250 500 1,000

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter11: Marketing And Distribution
Section: Chapter Questions
Problem 19AA
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A survey of 500 people finds that when the price of a table is $100, the people in the
survey will buy a total of 250 tables. Suppose the total market size is 2,000 people.
When the price of a table is $100, what is the total number of tables that will be sold
in the market?
100
250
500
1,000
Transcribed Image Text:A survey of 500 people finds that when the price of a table is $100, the people in the survey will buy a total of 250 tables. Suppose the total market size is 2,000 people. When the price of a table is $100, what is the total number of tables that will be sold in the market? 100 250 500 1,000
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