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l. The Table below shows the number of cups of coffee Chuck buys at various prices. Initially, Chuck has income of $20,000 per year. Price er cu of coffee uanti of coffee demanded $5 2 cups $4 4 cups $3 6 cups $2 8 cups $1 10 cups a. Plot and connect the ordered pairs on a graph with \"Price\" on the ynaxis (or the vertical axis) and \"Quantity\" on the x-axis (or the horizontal axis) As stated in the text, the \"Slope\" of a line measures how much the variable on the y-axis A changes in response to a change in the variable on the x-axis. Thus, slope = Xxx , where the Greek letter \"A\" means \"change in\". Using a graph like you just drew, you can easily Ay _ rst y coordinate second y coordinate Use this rst x coordinate second x coordinate formula to answer the next two parts of the question: calculate the slope by: slope = b. What is the slope of Chuck's demand curve for cups of coffee in the price range of $5 and $4? 0. What is the slope of Chuck's demand curve for cups of coffee in the price range of $2 and $1? d. Is the price of coffee and Chuck's quantity demanded of coffee positively or negatively related? How can you tell? 6. If the price of coffee moves from $2 per cup to $4 per cup, what happens to quantity demanded? Is this a movement along a curve or a shift in the curve? f. Suppose Chuck is awesome at what he does for a living, which causes his employer the double his income to $40,000 per year. Now, the following ordered pairs describe Chuck's demand for cup. Plot these ordered pairs on the graph you drew for part (a)