Suppose that you, Jennifer, and Yusef constitute the market for DVDs. Your demand for DVDs is illustrated in the graph to the right (D₁), along with Jennifer's demand (D2) and Yusef's demand (D3). Using the line drawing tool, construct the market demand curve for DVDs. To do this, you will need to use three line segments labeled Dsegment 1. Dsegment 2. and Dsegment 3- Carefully follow the instructions above, and only draw the required objects. 30 D 28- 26- 24- 22- 20 D2 18- Price of DVDs 16- 14- 12- 101 8- 6- 4- 2- 0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 Quantity of DVDs

Imagine that you run the toll authority for a city bridge. You must charge all of your customers the exact same toll. Initially, you have set the price at $2 per trip. The following graph shows the daily demand curve for trips across the city bridge. On the following graph, use the purple rectangle (diamond symbols) to shade the area representing the total daily expenditure when the toll is $2 on the graph. Note: Select and drag the rectangles from the palette to the graph. To resize, select one of the points on the rectangle and move to the desired position. Once drawn, select inside the rectangle to see its area. TOLL (Dollars per vehicle) 10 9 8 2 1 0 Demand 01 2 3 4 5 6 7 8 9 QUANTITY (Thousands of vehicles per day) 10 When the toll is $2, total expenditure is $ An advisor has suggested that if you raise the toll to $3, total expenditure on tolls will rise. Total Expenditure at $2 per da Total Expenditure at $3 On the previous graph, use the green rectangle (triangle symbols) to…

When the price of a certain product was considered to be "low", consumers spent $5 million monthly on it.  After the price doubled, the total consumer expenditures increased to $7 million. Recently you read that this means that the demand curve for this product is upward sloping. Do you agree? Explain.

Assume the demand curve for Pepsi passes through the following two points. Price per bottle of Pepsi $2.25 $1.75 Number of bottles of Pepsi sold 100,000 275,000 When plotting the demand curve (with price in dollars on the y-axis and quantity in bottles on the x-axis), when the y-value is $2.25, the x-value is the y-value is $1.75, the x-value is bottles. (Enter your responses as whole numbers.) bottles, and when