ECON312n Week 1 - The line on the graph to the right represents what economists call a "demand" curve.

Asked by ecosmart
Dated: 10th Sep'17 09:17 AM
Bounty offered: $3.00

The line on the graph to the right represents what economists call a
"demand" curve. This line represents information about the number of
cups of lemonade that Caroline and Emily can sell each day at various
prices. The number of cups of lemonade demanded is shown on the
X-Axis and the price on the Y-Axis.

Individual points on a line or curve can also be identified and labeled

Problem statement: —> Caroline and Emily can sell 15 cups of
lemonade at a price of 50 cents; the point (15. $0 50) is on this
demand line.

Instruction: -> Use the point drawing tool to identify this point, and
label the point "B."

To access the tool palette used to draw your answer to the question,
click anywhere inside of the graph. Click on the Point Drawing Tool
icon and then click on the point (15, $0.50). To label the point, click on
the question marks and choose the letter "B."

Carefully follow the instructions above, and only draw the required

objects.

Price

Lemonade

ECON312n Week 1
Answered by ecosmart
Expert Rating: 394 Ratings
Dated: 10th Sep'17 09:17 AM
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