Personal Touch produces and markets beaded purses.When graphed,the demand schedule for its purses is a straight line.If one purse costs $20,5,000 beaded purses are sold.At $25,4,500 purses are sold.How many beaded purses will be sold if the price per purse is increased to $30?
A) 5,500
B) 4,250
C) 4,000
D) 3,750
E) 3,500

Question

Quizplus · Accepted Answer

With a linear demand curve,the slope of the line will remain constant.In this example,for every $5 increase in price,sales will decrease by 500 beaded purses.

Personal Touch Produces and Markets Beaded Purses