1.what action (besides stopping buying apple juice) might Reiko take if the price of apple juice rises above $2.00?2. What direction does the demand curve slope, ulward or downward?why?how many variables are involved in this curve? Demand Lecture ActivityPart AOn the attached graph paper, draw the Demand Curve for theDemand Schedule below. Reiko's Demand SchedulePrice of a Bottle of AppleQuantity Demanded per WeekJuice$0.755$1.004$1.25$1.502$1.75$2.001. What action (besides stopping buying apple juice) mightReiko take if the price of apple juice rises above $2.00?2. What direction does the demand curve slope, upward ordownward? Why? How many variables are involved in thiscurve?

Given Demand schedule at various prices

Answered: what action (besides stopping buying…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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1.what action (besides stopping buying apple juice) might Reiko take if the price of apple juice rises above $2.00? 2. What direction does the demand curve slope, ulward or downward?why?how many variables are involved in this curve?

Demand Lecture Activity
Part A
On the attached graph paper, draw the Demand Curve for the
Demand Schedule below. Reiko's Demand Schedule
Price of a Bottle of Apple
Quantity Demanded per Week
Juice
$0.75
5
$1.00
4
$1.25
$1.50
2
$1.75
$2.00
1. What action (besides stopping buying apple juice) might
Reiko take if the price of apple juice rises above $2.00?
2. What direction does the demand curve slope, upward or
downward? Why? How many variables are involved in this
curve?

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