Question

I need the answer for #3

3.50 20 Use the table below to answer questions 2 and 3. The table below gives B, the quantity of beef, in pounds(lbs), bought per household as a function of household income, I, and the price of beef, p. Price of beef,p($/lb) 3.00 4.00 4.50 2.65 2.59 2.51 2.43 Household Income, I ($1000)| 40 4.14 4.05 3.94 3.88 60 5.11 5.00 4.97 4.84 80 5.35 5.29 5.19 5.07 100 5.79 5.77 5.60 5.53 aB 2.The units for -(80,3.5) would be др (A) $/lb per $1000 (B) $1000 per $/lb (C) lbs per $/1b (D) $/lb 3. aB -(80,3.5) is: (A)positive (B) negative (C) = 0 (D) 5.29 др

Answer 1

0(3 db (85)3.5) dp Solr: I am only waiting Row No 0 of the table which Corresponds to So 3.5) 3.0 Price 4.5 3.S 4.0 80 5.35 S. 29 5.19 5.07 we observe that for househoold income of 80 80 (8/100)

quantity is decreasing as price is increasing & dp 70 as frice increases and JB co as Euantity decreasy lo JB To at (80,3-5) JP So JB (80 3.5) is Negative JP Negative option &