(Figure: Cold Drinks Sold and Temperature) Use Figure: Cold Drinks Sold and Temperature. If we move from point C to point E in the figure, the outside temperature has ___ degrees and the number of cold drinks sold has A) decreased by 30; decreased by 30 B) increased by 20; increased by 20

(Figure: Cold Drinks Sold and Temperature) Use Figure: Cold Drinks Sold and Temperature. If we move from point C to point E in the figure, the outside temperature has ___ degrees and the number of cold drinks sold has A) decreased by 30; decreased by 30 B) increased by 20; increased by 20

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Figure: Cold Drinks Sold and Temperature
Number
of cold
drinks
sold
80
70
60
50
40
30
20
10
0
B
(10,0)
1
20
40
E
(80, 70)
D
(60, 50)
C
(40, 30)
60 80 100
Outside temperature
(degrees Fahrenheit)
Reference: Ref 2A-1 Cold Drinks Sold and Temperature
(Figure: Cold Drinks Sold and Temperature) Use Figure: Cold Drinks
Sold and Temperature. If we move from point C to point E in the
figure, the outside temperature has _____ degrees and the number of
cold drinks sold has
OA) decreased by 30; decreased by 30
B) increased by 20; increased by 20
C) increased by 30; increased by 30
D) increased by 40; increased by 40

Expert Solution

Step 1

Positive relations occur where the both variable move in the same direction. Rise in the temperature leads to the rise in the demand for cold drink.

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