The price of $25 is a valid possible price for coffee makers
What is a supply demand graph?
A supply demand graph is a graph that shows the relationship between the supply and the demand of an item
The worth of the coffee is given as:
Worth = $375
The valid price of the coffee is calculated using:
Price = Worth/n
Where n represents the number of unit coffee
Make n the subject.
So, we have:
n = Worth/Price
This gives
n = 375/Price
When Price = 15, we have:
n = 375/15 = 25
When Price = 25, we have:
n = 375/25 = 15
When Price = 40, we have:
n = 375/40 = 9.375
When Price = 55, we have:
n = 375/55 = 6.818
Ignore the decimal results
So, we have
n = 375/15 = 25
n = 375/25 = 15
At a price of $25, the coffee maker sells less coffee than at a price of $15.
This means that they sell less to earn more
Hence, the price of $25 is a valid possible price for them
Read more about supply demand graph at:
https://brainly.com/question/1915798
