5 2. The following table gives information about the quantity of glasses oflemonade sold on sunny and on overcast days.Glasses ofLemonadeSold per Day30a.b.10402050306040Price perGlass ofLemonade$0.80$0.80$0.70$0.70$0.60$0.60$0.50$0.50WeatherSunnyOvercastSunnyOvercastSunnyOvercastSunnyOvercastOn one graph, plot the relationship implied by the data in the tableabove between the price per glass of lemonade (on the vertical axis)and the number of glasses of lemonade sold (on the horizontal axis)on sunny days and on overcast days.What do the data suggest is the nature of the relationship between thedemand for glasses of lemonade and the weather?

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Answered: 2. The following table gives…

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2. The following table gives information about the quantity of glasses of lemonade sold on sunny and on overcast days.

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Chapter1: Making Economics Decisions

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Question

2. The following table gives information about the quantity of glasses of
lemonade sold on sunny and on overcast days.
Glasses of
Lemonade
Sold per Day
30
a.
b.
10
40
20
50
30
60
40
Price per
Glass of
Lemonade
$0.80
$0.80
$0.70
$0.70
$0.60
$0.60
$0.50
$0.50
Weather
Sunny
Overcast
Sunny
Overcast
Sunny
Overcast
Sunny
Overcast
On one graph, plot the relationship implied by the data in the table
above between the price per glass of lemonade (on the vertical axis)
and the number of glasses of lemonade sold (on the horizontal axis)
on sunny days and on overcast days.
What do the data suggest is the nature of the relationship between the
demand for glasses of lemonade and the weather?

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