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Chapter 20: Q.10 (page 464)

Using your answer to Problem F-8, draw Sue's demand curve for soft drinks.

Short Answer

Expert verified

The demand curve is shown

Step by step solution

01

Given Information

the demand curve is a realistic portrayal of the connection between item cost and the amount of the item requested. It is drawn with the cost on the upward hub of the diagram and the amount requested on the flat hub.

02

Explanation

The demand curve is shown,

This is on the grounds that, with the lessening in cost from

$ 2 t o $ 1

, individuals will be interested in soft drinks. Since this shows a backwards connection between cost and amount requested, it very well may be portrayed with the negative incline line, this line is called request bend.

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Most popular questions from this chapter

Given your answers to Problems $F - 5$ and $F - 7$ , are Sue's preferences for soft drinks consistent with the law of demand?

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