Suppose that Paolo and Sharon are the only consumers of ice cream cones in a particular market. The following table shows their monthly demand schedules: Price Paolo’s Quantity Demanded Sharon’s Quantity Demanded (Dollars per cone) (Cones) (Cones) 1 8 16 2 5 12 3 3 8 4 1 6 5 0 4 On the following graph, plot Paolo’s demand for ice cream cones using the green points (triangle symbol). Next, plot Sharon’s demand for ice cream cones using the purple points (diamond symbol). Finally, plot the market demand for ice cream cones using the blue points (circle symbol). Note: Line segments will automatically connect the points. Remember to plot from left to right. Paolo’s Demand Sharon’s Demand Market Demand 0 4 8 12 16 20 24 6 5 4 3 2 1 0 PRICE (Dollars per cone) QUANTITY (Cones)
Answer:
m = -12
Step-by-step explanation:
Subtract 6 from both sides
6 + 5m -6 = m - 2 - 6
Simplify
5m/3 = m-8
Multiply both sides by 3
5m * 3 = m * 3 - 8 * 3
Simplify
5m = 3m - 24
Subtract 3m from both sides
5m - 3m = 3m - 24 - 3m
Simplify
2m = - 24
Divide both sides by 2
2m/2 = -24/2
Simplify
m = - 12
Answer:
True
Step-by-step explanation:
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