(01.04 MC)
Graph with x axis labeled Quantity Demanded and numbered in hundreds, 100 to 500. Y axis is Price, with prices 0 to 6. A line representing the Demand Curve starts at 100, 5 and drops at an angle down to 500, 1. Dashed lines extend from the x and y axes to point A 10, 15. Solid lines extend upward from the x axis to the green line at points 100, 5, 200, 4, 300, 3, 400, 2, and 500, 1.
© Public Domain
Based on the graph, what would happen if customers demanded 550 units of this product?
The price would drop to 0.5.
The quantity would be 0.
The quantity would be 0.5.
The price would rise to 2.
Answers
Answer:
A. The price would drop to 0.5.
Explanation:
The graph shows that for every increase of 100 units of the goods demanded, price reduces by 1 unit.
When 500 units was demanded, the price was at 1. Therefore, if 550 units are demanded, the price will reduce by half, which means the price would drop to 0.5.
Answer:
The price would drop to 0.5
Explanation:
Related Questions
The Articles of Confederation stated that any changes in the government would require the agreement of all the states. Why was this considered a weakness of the Articles?
A.
it meant the government could not enforce laws
B.
it meant that Congress had too much power
C.
it meant that citizens had no say in changing the government
D.
it meant that changing the government was difficult
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Answer:
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Answer:
d
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Answer:
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Living organisms depend on the Atmopshere because it is the layer where several crucial cycles for life on Earth take place, like the Nitrogen Cycle and the Carbon Cycle.
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Answers
Answer:
This is for Aztec
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Explanation:
I need helps look at my latest question pls
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Answer:
an election to choose a new Member of Parliament for a particular town or area (a constituency). It is held when the former member has died or left suddenly
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Answer:
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Answers
Answer:
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Explanation:
Answer:
i'm pretty sure its songs sung....
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Answer:
Explanation:
Revolve - Spin
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Trans - Por - Ta - TIon
Answer:
1-- spin/turn/twist
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Explanation:
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Answer:
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GIVING 40 POINTS NO FAKE ANSWERS
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Answer:
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Answer:
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Explanation:
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Answers
Answer:
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Answer:
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I got it right on edge:)
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Answer:
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Explanation:
Answer:
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Answer:
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Answer:
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Answers
Answer:
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Explanation:
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Explanation:
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Answer:
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Answer:
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Answers
Answer:
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Learn more about American Revolution at;https://brainly.com/question/16533738
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Answer:
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