Reference no: EM133079195
Graph 1)
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Price of pizza
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Quantity demanded
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3.00
|
0
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2.50
|
1
|
|
2.00
|
2
|
|
1.50
|
3
|
|
1.00
|
4
|
|
.50
|
5
|
Questions about your demand curve:
a. If you were selling pizza, what price earns you the most profit?
b. Why do more slices sell at 50 cents?
c. If a new pizza diet became popular, what would happen to the demand curve?
d. If a new news report came out saying pizza is the #1 cause of heart attacks, what will happen to the demand curve?
e. If the price of pizza goes up from 2.00 to 2.50, what happens to the demand curve?
Graph 2)
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Price of mini golf game
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Games played per month
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1.50
|
350
|
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2.00
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250
|
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3.00
|
140
|
|
4.00
|
80
|
Questions about your demand curve:
a. Draw demand curve and label axes and prices/quantities
b. What price sells the most games played per month?
c. What price makes the mini-golf course the most money?
d. If summer has been unusually rainy, what happens to the demand curve?
e. If schools are giving away coupons for students to play at half price, what happens to the demand curve?