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Question 3 1 point possible (graded) Use the graph for the two demand curves D, and D2 to answer the following question: Comparing D1 and D2 we know demand is: mo - XU B O D1 is more elastic than D2 between both P2 and P3 and between P3 and P4. D D2 is more elastic than D1 between both P2 and P3 and between P3 and P4. G D1 is more elastic than D2 between P2 and P3 and D2 is more elastic than D1 between P3 and P4. D , D2 is more elastic than D1 between P2 and P3 and D1 is more elastic than D2 Q , Q2 Q2 4 5 Quantity between P3 and P4. Submit You have used 0 of 2 attempts Save Question 4 1 point possible (graded) The graph describes the demand for Sage and Herb Stuffing. At a price of $2.49 the grocery mo - DO store sells 250 bags of stuffing per week. Using sales data, the store estimates the price elasticity of demand to be 1.2 using the midpoint formula. If they lower the price to $1.99, what is the likely impact on demand? $2.49 Q2 is about 327 bags. $1.99 D. Demand will shift right from D2 to D3 . Q 250 Q Q3 Quantity Stuffing / Dressing Demand will be on D1 at 250 bags. Q3 is about 316 bags.Question 5 1 point possible (graded) The graph describes the demand for Sage and Herb Stuffing. At a price of $2.49 the grocery MO - XU store sells 250 bags of stuffing per week. Using sales data, the store estimates the price elasticity of demand to be 1.2 using the midpoint formula. Using the same data. The store had a special on Turkey the following week where the regular price of .79 per pound was reduced to .49 per pound. We would expect: $2.49 O the quantity demanded would stay at 250 since the price of stuffing did not change. $1.99 D2 D 3 demand for stuffing would shift from D2 to D1 . Q1 250 Q2 Q3 Quantity Stuffing / Dressing O demand for stuffing would stay on D2 but the quantity demanded would rise to Q2 . O the cross-elasticity of demand of turkey and stuffing to be less than zero. Submit You have used 0 of 2 attempts