please answer D and E d. Holding the price of bagels again at $1, what happens to the predicted number of bagels soldper day if the price of coffee increases from $2.5 to $5 per cup. Is this a change in demand or achange in quantity demanded?=- -20P + 10P§ - 20Pc +101Initial Quantity:-20p+10P-20(2.5)+10(1)Terminal Quantity -20p+10P-20(5)+10(1)Change in Quantity Demandede. In the coordinate axes below, illustrate the changes that occurred above in parts c and d above.(Note, your graph need not be precise)FontPf Supege 41.1 and that thAbon moninklo valo 1. The Alpine Bagel Co. is evaluating pricing for Bagels in it's outlet in the student commons.Their in-house consulting team estimated that the daily demand for Bagels in the area to be thefollowingQ = -20P + 10Ps - 20Pc +101Where P = the price of bagels, P, = the price of scones (each), P. = the price of coffee (per cup),and I Income (average annual disposable income, for students in thousands of dollars)Fontb. Suppose that the price of scones = $3, coffee costs $2.5 per cup, and average annual disposableincome for students is $15,000. Calculate the demand curve (NOTE- be certain to enterincome appropriately - how is income denominated?)c. What happens to the predicted number of bagels sold per day if the price of bagels is increasedfrom $1 to $2? Is this a change in demand or a change in quantity demanded?Initial Quantity:-20(1)+10Ps-20Pc+101Terminal Quantity -20(2)+10Ps-20Pc+101Change in Quantity Demanded

Given:P = price of bagelsPs = price of scones (each) = $3Pc = price of coffee (per cup) = $2.50I =…

d. Holding the price of bagels again at $1, what happens to the predicted number of bagels sold per day if the price of coffee increases from $2.5 to $5 per cup. Is this a change in demand or a change in quantity demanded? = -20P + 10Ps - 20Pc +101 Initial Quantity: Terminal Quantity -20p+10P-20(2.5)+10(1) -20p+10P-20(5)+10(1) P Change in Quantity Demanded e. In the coordinate axes below, illustrate the changes that occurred above in parts c and d above. (Note, your graph need not be precise) Font

d. Holding the price of bagels again at $1, what happens to the predicted number of bagels sold per day if the price of coffee increases from $2.5 to $5 per cup. Is this a change in demand or a change in quantity demanded? = -20P + 10Ps - 20Pc +101 Initial Quantity: Terminal Quantity -20p+10P-20(2.5)+10(1) -20p+10P-20(5)+10(1) P Change in Quantity Demanded e. In the coordinate axes below, illustrate the changes that occurred above in parts c and d above. (Note, your graph need not be precise) Font

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 10PA

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