2 years ago

(01.04 MC)

Social Studies

1 answer:

stepladder [879]2 years ago

8 0

Answer:

A. The price would drop to 0.5.

Explanation:

The graph shows that for every increase of 100 units of the goods demanded, price reduces by 1 unit.

When 500 units was demanded, the price was at 1. Therefore, if 550 units are demanded, the price will reduce by half, which means the price would drop to 0.5.

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