216k views
2 votes
An economics professor sells cookies to her class. At a price of 25 cents per? cookie, each of the 100 students in the class spends ?$9.00 on cookies. At a price of 25 cents per? cookie, market demand in this class is

A. 36 cookies.
B. 900 dollars.
C. 3,600 cookies.
D. 25 cents.

1 Answer

3 votes

Final answer:

Market demand at 25 cents per cookie, with each of the 100 students spending $9.00 on cookies, is 3,600 cookies.

Step-by-step explanation:

The question involves calculating market demand in an economics context. Given the price is $0.25 per cookie and each student spends $9.00, to find the market demand, we divide the total amount spent by the price per cookie. So, each student buys $9.00 / $0.25 = 36 cookies. Since there are 100 students, the total market demand would then be 100 * 36 = 3,600 cookies. Therefore, the correct answer to the question 'At a price of 25 cents per cookie, market demand in this class is' would be C. 3,600 cookies.Market demand at 25 cents per cookie, with each of the 100 students.

User Mike Lowen
by
7.4k points