The Schedule Below Shows The Number Of Packs Of Bagels Bought In Davis California Each Day At A Variety Of Prices Qua 1 (30.1 KiB) Viewed 11 times
The Schedule Below Shows The Number Of Packs Of Bagels Bought In Davis California Each Day At A Variety Of Prices Qua 2 (13.14 KiB) Viewed 11 times
The schedule below shows the number of packs of bagels bought in Davis, California, each day at a variety of prices. Quantity (packs/day) 0 3,000. 6,000. 9,000 12,000 15,000 18,000 Price ($/pack) 6 5 4 3 a. Graph the daily demand curve for packs of bagels in Davis. Instruction: Use the tool provided to plot each price-quantity combination listed in the table above (plot 7 points total). 0 Demand for bagels Price (S/pack) 5 2 1 0 A 3 N 1 0 9 12 15 18 Tools Demand
b. Calculate the price elasticity of demand at the point on the demand curve at which the price of bagels is $1 per pack. Instruction: Enter your response rounded to one decimal place. c. If all bagel shops increased the price of bagels from $1 per pack to $2 per pack, what would happen to total revenue? Total revenue would (Click to select) from $ to $
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