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Questions 8 and 9 thank you 8.Assume the demand schedule for cookies is downward sloping. If the price of cookies falls from $1.50 to $1.25

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Questions 8 and 9 thank you

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8.Assume the demand schedule for cookies is downward sloping. If the price of cookies falls from $1.50 to $1.25 per dozen, a. the demand for cookies will fall. b. the demand for cookies will rise. c. a larger quantity of cookies will be demanded. d. a smaller quantity of cookies will be demanded. Figure 4-20 S BO 9. If there are empty seats at the university basketball game when the price per ticket is P*, then this situation can best be represented by which graph in Figure 4-20? a. 1 b. C. 3 d

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