Questions 5 - 9: Mary owns a cookie shop. One day, she decides to have a day and gives away 12 cookies. She begins to charge later in the evening. If she charges the customer $1, she will sell 9 cookies. If she charges $2, she will only sell 6 cookies. 5. Complete the demand schedule below. P (S) Qd 12
Questions 5 - 9: Mary owns a cookie shop. One day, she decides to have a day and gives away 12 cookies. She begins to charge later in the evening. If she charges the customer $1, she will sell 9 cookies. If she charges $2, she will only sell 6 cookies. 5. Complete the demand schedule below. P (S) Qd 12
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Questions 5-9: Mary owns a cookie shop. One day, she decides to have a customer appreciation
day and gives away 12 cookies. She begins to charge later in the evening. If she charges the
customer $1, she will sell 9 cookies. If she charges $2, she will only sell 6 cookies.
5. Complete the demand schedule below.
P (S)
Qd
0
12
$1
9
$2
6
$3
$4
6. What is happening between the price and the number of cookies customers want?
As the price increases, the quantity demanded decreases.
7. Draw the demand curve below:
Do not forget everything that must be labeled..
P
Q](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcb1eda45-7170-4862-8f79-6db9cc5bf3d9%2Fef127001-018c-40f1-aed9-4c1bd855ad2c%2Fxpoysp_processed.png&w=3840&q=75)
Transcribed Image Text:Questions 5-9: Mary owns a cookie shop. One day, she decides to have a customer appreciation
day and gives away 12 cookies. She begins to charge later in the evening. If she charges the
customer $1, she will sell 9 cookies. If she charges $2, she will only sell 6 cookies.
5. Complete the demand schedule below.
P (S)
Qd
0
12
$1
9
$2
6
$3
$4
6. What is happening between the price and the number of cookies customers want?
As the price increases, the quantity demanded decreases.
7. Draw the demand curve below:
Do not forget everything that must be labeled..
P
Q
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