jaylaoverton2001
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Part B
This graph shows how the demand for apples changed following positive news reports about the nutritional value of
apples. Curve AB shows the demand before the news reports, while curve XY illustrates the demand after the news
reports. Study the graph, and describe how the demand curve moved.
4.00
x
demand
2.50
Price
per
Pound
(dollars) 1.50
0.50
1,000 2,000 3,000 4,000 5,000 6,000 7,000
Quantity of Apples (pounds)

Part B This graph shows how the demand for apples changed following positive news reports about the nutritional value of apples Curve AB shows the demand before class=

Respuesta :

Answer:

When consumers became aware of the nutritional value of apples, the demand for apples increased.

People were willing to buy the apples at higher prices. Therefore, the demand curve moved to the right.

Explanation:

N/A

chilljain33

In the graph, it can be ascertained that the reports regarding the nutritional value of apples led to an increase in the demand for apples and ultimately led to a decrease in their prices.

What is demand?

Demand is a phenomenon that detects the quantity of a product that is bought by a consumer in the market, at a given price, and the utility that he or she derives upon consumption of such product.

In the above graph, it can be seen that when the prices of apples were high the demand was less, however, it increased after a positive report and also led to a decrease in the prices per pound of the apples.

Hence, the significance of demand of apples is aforementioned.

Learn more about demand here:

https://brainly.com/question/13334895

#SPJ2

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