Asked by Tanya Koretska on May 01, 2024
Verified
(Table: Supply of Lemonade) Use Table: Supply of Lemonade.When the price of lemonade is $1 per cup,the quantity of lemonade supplied by Eli will be _____ cups per day.
A) 40
B) 90
C) 10
D) 25
Quantity of Lemonade
Refers to the total amount or volume of lemonade produced or available for sale at any given time.
Cups Per Day
A metric used to quantify the average consumption of cups (could refer to beverages) by an individual or population over a day.
$1
The monetary value equivalent to one unit of the currency in the United States, symbolizing basic monetary value.
- Appreciate the connection between price fluctuations and the ensuing movements or transformations in the demand and supply curves.
Verified Answer
ZK
Zybrea KnightMay 08, 2024
Final Answer :
A
Explanation :
Eli's supply of lemonade at $1 per cup is 40 cups per day, as indicated by the supply schedule or table provided in the question.
Learning Objectives
- Appreciate the connection between price fluctuations and the ensuing movements or transformations in the demand and supply curves.
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