Angela and Vanessa are two friend who always eat ice cream together. The regular price of icecream is $1 per spoon. Angela always orders 3 spoons and Vanessa orders 5 spoons. EveryTuesday, the ice cream is 50% off. Angela orders 6 spoons and Vanessa order 7 spoons onTuesday. Which of the following statement is incorrect?O The total quantity of ice cream demanded by Angela and Vanessa increased by 5 on every Tuesday.O Angela's individual demand curve has a downward sloping.O The promotion on every Tuesday shift out the demand curve.O Vanessa's individual demand curve isn't same as Angela's.

Answer: The promotion on every Tuesday shift out the demand curve.

Answered: Angela and Vanessa are two friend who…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Kenji enjoys buying shoes. The following table contains information on Kenji's utility from shoes each month. Fill in the two missing cells of the table. Total Utility (Utils) 0 35 Shoes (Pairs) ON 36 90 110 125 135 Marginal Utility (Utils per pair) 35 30 25 15 10
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