Problem statement: → The line labeled D, in the graph to the right shows the number of cups of lemonade that Caroline and Emily can sell at their lemonade stand at various prices. Caroline and Emily have noticed that they sell more lemonade when it's hotter. Click anywhere on the graph to open a window with a control labeled Temperature. If you use the slider to change the temperature, the line will shift. Change the temperature from 80 degrees to 70 degrees. Question: →At a price of $0.50, how many more or fewer cups of lemonade do Caroline and Emily sell when the temperature is 70 degrees than when the temperature is 80 degrees? (Note: indicate the change in cups of lemonade sold: fewer will be a negative number and more will be a positive number) OA. -5 B. -2 O O C. 15 OD. O

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

CS 25 

Economics 

 

Price
2.50
2.25
2.00-
1.75-
1.50
1.25-
1.00-
0.75-
0.50-
0.25
0.00+
0
Lemonade Sales
D₁
5
10
15
20
25
Cups of lemonade sold per day
30
Q
G
Transcribed Image Text:Price 2.50 2.25 2.00- 1.75- 1.50 1.25- 1.00- 0.75- 0.50- 0.25 0.00+ 0 Lemonade Sales D₁ 5 10 15 20 25 Cups of lemonade sold per day 30 Q G
Problem statement: → The line labeled D, in the graph to the right shows the number of cups of
lemonade that Caroline and Emily can sell at their lemonade stand at various prices. Caroline and Emily
have noticed that they sell more lemonade when it's hotter.
Ma Amer
Click anywhere on the graph to open a window with a control labeled Temperature. If you use the slider
to change the temperature, the line will shift. Change the temperature from 80 degrees to 70 degrees.
Question: →At a price of $0.50, how many more or fewer cups of lemonade do Caroline and Emily sell
when the temperature is 70 degrees than when the temperature is 80 degrees?
(Note: indicate the change in cups of lemonade sold: fewer will be a negative number and more will be a
positive number)
OA. -5
OB. -2
OC. 15
OD. O
Transcribed Image Text:Problem statement: → The line labeled D, in the graph to the right shows the number of cups of lemonade that Caroline and Emily can sell at their lemonade stand at various prices. Caroline and Emily have noticed that they sell more lemonade when it's hotter. Ma Amer Click anywhere on the graph to open a window with a control labeled Temperature. If you use the slider to change the temperature, the line will shift. Change the temperature from 80 degrees to 70 degrees. Question: →At a price of $0.50, how many more or fewer cups of lemonade do Caroline and Emily sell when the temperature is 70 degrees than when the temperature is 80 degrees? (Note: indicate the change in cups of lemonade sold: fewer will be a negative number and more will be a positive number) OA. -5 OB. -2 OC. 15 OD. O
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