Worksheets 205 Math It Graph It Write It A Southern California grocery chain sells ice cream by the gallon. On a 72° day, they sell 1000 gallons for $5.00 each. A 10° increase in temperature causes a 500-gallon increase in demand. The grocery store also accepts coupons. A 50¢ off coupon increases the quantity demanded by 250 gallons. If the store doubles the coupon, the quantity demanded goes up by an additional 250 gallons per day. a. What is the slope of the demand curve for ice cream at the grocery store on a 72° day? b. Please graph the demand curve for ice cream on a 72° day. C. In the same model, please construct the demand curve for ice cream at an 82° day. d. Which determinant caused the shift in demand? What is the relationship? SPRING 202 ECON pleme structi is a... EE stude ess prog t provic -led gre y sessic student I Leader: anie Villalob econsi@gmail s/Times s: 10:30-11= :11:30-12:3 ted in L203

Worksheets 205 Math It Graph It Write It A Southern California grocery chain sells ice cream by the gallon. On a 72° day, they sell 1000 gallons for $5.00 each. A 10° increase in temperature causes a 500-gallon increase in demand. The grocery store also accepts coupons. A 50¢ off coupon increases the quantity demanded by 250 gallons. If the store doubles the coupon, the quantity demanded goes up by an additional 250 gallons per day. a. What is the slope of the demand curve for ice cream at the grocery store on a 72° day? b. Please graph the demand curve for ice cream on a 72° day. C. In the same model, please construct the demand curve for ice cream at an 82° day. d. Which determinant caused the shift in demand? What is the relationship? SPRING 202 ECON pleme structi is a... EE stude ess prog t provic -led gre y sessic student I Leader: anie Villalob econsi@gmail s/Times s: 10:30-11= :11:30-12:3 ted in L203

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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