Question

The accompanying table gives information on the quantity of lemonade demanded on sunny and overcast days

26955&questionld18 fushed-falseidd5802788centerwinyes Prince Lauren Ballard Fomework: Ch 1 Math Appendix HW Score: 0 of 1 pt End of Chapter 12 2 of 30 (1 complete) the C conaning table ovenfor he conview the one of lemonade demanded on sunny and overcast days. the one drawing o days and straight he though the Carey follow the instructions above and n e through the price quantity combinations for overcast ambinations for sunny days. Property label each line. draw the required objects Table Quantity (glasses/day) Weather (dollarsiglass) $0.80 $0.80 S0.70 $0.70 $0.60 $0.60 $0.50 Overcast Sunny Overcast 0.00 0 10 20 30 40 50 60 700 0100 After plotting the final point of your multipoint curve. press the Esc key on your Overcast Sunny Overcast $0.50 Print Done Click the graph H a lool in the palette and follow the instructions to create your graph. All parts showing Type here to search

Answer 1

-0.30 . Two points on the sunny days Demand son lemonade curve are on (Q1, P.) = (40,0.80) and (Q2, P.) = ( 70, 050) Slope (m) = P2 - PI - 0.50-0.80 G2-G, 70 - gown Too Equation of sunny days Demand curve P- Pi= m(Q-Q1) => P-0.80.--160 (Q - 40) P - 0.80 - -0.01(Q - 40). =>P-0.80 = -0.01 +004 = P = 1.2 -0.012 = 0.01G = 1.2-P > Q = 120 -100P od 1021

lemonade Two points on the overcast days Demand for Curve are (Q, , P.) = (20, 0.80) and (Q2, P2) = (30,0.70) Slope (m) = 0.70-0.80 - - 0.10 . 30-20. 10 . = -10o = -0.01 Equation of overcast days Demand curve P-0-80 = -0.019-20) P - 0.80 = – 0.01Q + 0.2 => [p = 1 -0.01G 0.01Q = 1-P + G = 100 - 100P price (H/ glass) 1.2 (0,1-2) Sunny Day Demand curve overcast days demand curve (100.0) 100 120 (120,0) Quantity plannes \per day