QUESTION 1

1. You sell 20 cups of lemonade on Saturdays for usually $1 each. Your neighbor gives you a bag of lemons and you discount your price to have more quantity demanded. With more quantity demanded you sell:
2. 30 cups for 50 cents each
3. 30 cups for $2 each
4. 10 cups for $2 each
5. 10 cups for 50 cents each

5 points

QUESTION 2

1. Changes in the following determinants will increase demand except:
2. more popularity
3. more income
4. cheaper substitutes
5. more buyers.

QUESTION 3: