Ask Question
2 February, 03:48

The new "Hungry for Apples?" campaign has been a resounding success, so that the quantity demanded is now 100% greater than before the ad campaign. If the curve above represents demand after the campaign, what was the original quantity demanded when price was $4.40? a. 100 b. zero c. 50 d. 25

+3
Answers (1)
  1. 2 February, 07:08
    0
    Correct option is B.

    Original quantity demanded was 25.

    Explanation:

    We know that quantity demanded has risen by 100%.

    New quantity is double that of the previous quantity.

    If new quantity is 50 at P=$4.40, old quantity demanded must be 25.

    To check if 25 was the old quantity demanded, ((50-25) / 25) * 100 = 100% increase
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The new "Hungry for Apples?" campaign has been a resounding success, so that the quantity demanded is now 100% greater than before the ad ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers