Ask Question
16 June, 07:16

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

+5
Answers (1)
  1. 16 June, 07:33
    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?
Find 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 you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers