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Social Studies, 01.03.2021 02:10 haitch
(01.04 MC)
Graph with x axis labeled Quantity Demanded and numbered in hundreds, 100 to 500. Y axis is Price, with prices 0 to 6. A line representing the Demand Curve starts at 100, 5 and drops at an angle down to 500, 1. Dashed lines extend from the x and y axes to point A 10, 15. Solid lines extend upward from the x axis to the green line at points 100, 5, 200, 4, 300, 3, 400, 2, and 500, 1.
© Public Domain
Based on the graph, what would happen if customers demanded 550 units of this product?
The price would drop to 0.5.
The quantity would be 0.
The quantity would be 0.5.
The price would rise to 2.
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Answers: 1
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(01.04 MC)
Graph with x axis labeled Quantity Demanded and numbered in hundreds, 100 to 500. Y axis...
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