1.

(06.01 MC) Use the graph to answer the question that follows. (1 point)

Demand for Product Z 12 10 4, 10 8 8,8 Price (Dollars) 6 16.6 24.4 2 30,2 0 0 5 10 15 20 25 30 35 Quantity (Pounds)Demand for Product Z 12 10 4, 10 8 8,8 Price (Dollars) 6 16.6 24.4 2 30,2 0 0 5 10 15 20 25 30 35 Quantity (Pounds)\fPrice Supply P2 Demand QuantityFigure 1: Production Possibilities Curve (PPC) 6 5.75 C 5 Airplanes B 0 3 5 6 Helicopters$50 MC $40 $30 ATC AVC Price $20 P B $10 A 0 2 3 4 5 6 7 Quantity 9 10Cell Phones Price D2 D1 Quantity