5. Complete the demand schedule below. P ($) Qd 0 12 $1 6 $2 6 $3 $4 6. What is happening between the price and the number of cookies customers want? As the price increases, the quantity demanded decreases.

Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
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Questions 5-9: Mary owns a cookie shop. One day, she decides to have a customer appreciation
day and gives away 12 cookies. She begins to charge later in the evening. If she charges the
customer $1, she will sell 9 cookies. If she charges $2, she will only sell 6 cookies.
5. Complete the demand schedule below.
P (S)
Qd
0
12
$1
9
$2
6
$3
$4
6. What is happening between the price and the number of cookies customers want?
As the price increases, the quantity demanded decreases.
7. Draw the demand curve below:
Do not forget everything that must be labeled..
P
Q
Transcribed Image Text:Questions 5-9: Mary owns a cookie shop. One day, she decides to have a customer appreciation day and gives away 12 cookies. She begins to charge later in the evening. If she charges the customer $1, she will sell 9 cookies. If she charges $2, she will only sell 6 cookies. 5. Complete the demand schedule below. P (S) Qd 0 12 $1 9 $2 6 $3 $4 6. What is happening between the price and the number of cookies customers want? As the price increases, the quantity demanded decreases. 7. Draw the demand curve below: Do not forget everything that must be labeled.. P Q
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