Question

Take a look at the Demand Curve graph below. When cheeseburgers are listed at $2.00 each, the store sells 10 in one day. When cheeseburgers are listed at $1.00 each, the store sells 30 in one day. DEMAND CURVE - Today's price per cheeseburger vs. quantity purchased today $3.00 $2.50 $2.00 $1.50 $1.00 $0.50 $0.00 10 20 30 40 50 1. If the price of cheeseburgers goes down to $.50 each, predict how many cheeseburgers the store would sell in one day and why. 2. If the price of cheeseburgers goes up to $2.50 each, how many cheeseburgers should the store have on hand that day to sell? 3. Suddenly, the price of beef goes up! What will happen to the price of cheeseburgers?

          Take a look at the Demand Curve graph below. When cheeseburgers are listed at $2.00 each, the
store
sells 10 in one day. When cheeseburgers are listed at $1.00 each, the store sells 30 in one day.
DEMAND CURVE - Today's price per cheeseburger vs. quantity purchased today
$3.00
$2.50
$2.00
$1.50
$1.00
$0.50
$0.00
10
20
30
40
50
1. If the price of cheeseburgers goes down to $.50 each, predict how many cheeseburgers the store
would sell in
one day and why.
2. If the price of cheeseburgers goes up to $2.50 each, how many cheeseburgers should the store have
on hand
that day to sell?
3. Suddenly, the price of beef goes up! What will happen to the price of cheeseburgers?

Take a look at the Demand Curve graph below. When cheeseburgers are listed at 2.00 each, the
store
sells 10 in one day. When cheeseburgers are listed at1.00 each, the store sells 30 in one day.
DEMAND CURVE - Today's price per cheeseburger vs. quantity purchased today
3.002.50
2.001.50
1.000.50
0.00
10
20
30
40
50
1. If the price of cheeseburgers goes down to.50 each, predict how many cheeseburgers the store
would sell in
one day and why.
2. If the price of cheeseburgers goes up to 2.50 each, how many cheeseburgers should the store have
on hand
that day to sell?
3. Suddenly, the price of beef goes up! What will happen to the price of cheeseburgers?

Added by Donald B.

Question

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