Question: Problem 9 Suppose the demand function for jellybeans in Cincinnati is linear. Two years ago, the price of jellybeans was $1 per pound, and consumers

 Problem 9 Suppose the demand function for jellybeans in Cincinnati is

Problem 9 Suppose the demand function for jellybeans in Cincinnati is linear. Two years ago, the price of jellybeans was $1 per pound, and consumers purchased 100,000 pounds of jellybeans. Last year the price was $2, and consumers purchased 50,000 pounds of jellybeans. No other factors that might affect the demand for jellybeans changed

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