X AutoSave O Off) H) Macro POSTLUDE Extra Credit 1 Test 1 Questions - Online E81(1) - Word Search A Darrleen Welden DW File Home Insert Design Layout References Mailings Review View Help Share Comments 6. Using the graph below, explain the following: (3 points) a) Demand increased, though prices remained the same. Do you agree? Explain. Answer. b) The amount purchased at $20 increased from 30u to 60u. The explanation can't be in the price, since it remained the same. What's the correct explanation then? Answer. c) If I told you the graph below shows consumers expected prices to drop in the future, would you agree? Explain. Answer Price $35 $30 $25 $20 $15 Demand New Demand $10 Quantity 10 20 30 40 50 60 70 80 (in thousands) Page 3 of 5 564 words [ Focus + 100% 5:03 AM Type here to search O W 11/17/2020