Graph demand curve for pecan pie does demand curve have

Reference no: EM13391799

Pecan pie demand. Your friend Helen B. Carter has left school to open a bakery. She has done some market research and finds that your neighbors value pies according to the following schedule:

Pecan pie MU

1 $40.00

2 $36.00

3 $32.40

4 $29.16

5 $26.24

6 $23.62

7 $21.26

8 $19.13

9 $17.22

10 $15.50

11 $13.95

12 $12.55

13 $11.30

14 $10.17

a. Graph the demand curve for pecan pie. Does the demand curve have a positive or negative slope? Why?

b. How many pies will Helen sell at $19.13? How many at $29.16?

c. What will happen if a new doctor comes to town and tells everyone to lose weight? What will happen if people learn that Helen makes really delicious pies?

Reference no: EM13391799

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