ECONOMICS / FINANCE QUESTION 3 & 4 HELP

1Q1-3 According to the data in the 1S1 slides, about how much does the average US toothpaste user spend on toothpaste per year? Use the given information to choose the best estimate. A. $2 B. $4 C. \$7 D. $11 Question 4 1Q1-4 About how much more would the average US toothpaste user spend on toothpaste per year if the average price were $6/b instead of $4/b and the amount of toothpaste used did not change? Use the given information to choose the best estimate. A. $1 B. $3 C. $5 D. $7 E. $10 How can we tell the toothpaste demand curve does NOT look like this? 1Q1-4 How much more would the average user spend on toothpaste per year if the average price were $6/Ib instead of $4/Ib and they didn't change the amount they used? How can we tell that US retail toothpaste demand does NOT look like D? 90\% of Americans use an average of 0.5 gram/day. 1Q1-3 How much does average user spend on toothpaste per year? Hint: Section on Units, p. 2 of Math Notes