2. A store can sell 40 widgets per week at $8 each and 25 widgets at $13 each. a. Find the demand function. b. What is the vertical ("y") intercept? What does it represent in terms of sales? c. d. What is the slope? What does it represent in terms of units pertaining to sales?

6. Determinants of demand The following graph input tool shows the demand for sedans in New York City. For simplicity, assume that all sedans are identical and sell for the same price. Initially, the calculator shows market demand under the following circumstances: average household income is $50,000 per year, the price of a gallon of regular unleaded gas is $3 per gallon, and the price of a subway ride is $1.50. Use the graph input tool to help you answer the questions that follow. (Note: You will not be graded on any adjustment made to the graph used in the tool.) PRICE (Thousands of dollars per sedan) Demand 100 200 300 400 500 600 700 800 900 QUANTITY (Sedans per month) Graph Input Tool Price of a sedan (Thousands of dollars) Quantity of sedans (Sedans per month) Average Income (Thousands of dollars) Price of gasoline (Dollars per gallon) Price of a subway ride Suppose that the price of a sedan decreased from $25,000 to $20,000. This would cause a 25 450 50 $3.00 $1.50 Suppose that…

Please, show how to compute a slope of linear demand function?

ЕОC 6.03 A 45% fall in the price of computers leads to a 20% rise in the amount of computers purchased by customers. Using this information, we would expect total revenue to when prices drop. Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. decrease increase not change d increase or decrease (not enough information)