Question

Mr. Ferret loves fresh, juicy, organic mole meat from Mole Foods grocery store. But his ability to purchase this tasty delicacy depends upon how much Mole Foods is currently charging per pound. The more Mole Foods charges, the less mole meat Mr. Ferret will buy. Use the ‑intercept equation to plot a line representing Mr. Ferret's demand curve.y =−2x+8

Answer 1

Answer:

It has a negative slope = -2

Step-by-step explanation:

Let y be the price and x be the quantity purchased . Then putting the value of x in the equation we can find the price= y

where  y = −2x+8

x      0       1         2         3         4         5         6        7

y      8       6        4         2         0        -2         -4       -6

So we can plot the demand curve which has a negative slope.

We see from the values above that the slope is negative having a value equal to -2. This means that for every increase in the number of quantities there is a decrease in the price.