To reward loyal customers, a Baltimore wine shop called Angels Eat Lemons uses a declining price schedule. This price schedule has the first bottle of wine cost $50 and every bottle after costs $10. Suppose Roy's demand for bottles of wine at Angels Eat Lemons is described by Q = 10 - 0.2P (and Roy's inverse demand curve is described by P = 50 - 5Q) where P is price and Q is the quantity of wine bottles. How many bottles of wine will Roy purchase?

O 24 0 72 0 60 O 36 O 48 QUESTION 6 To reward loyal customers, a Baltimore wine shop called Angels Eat Lemons uses a declining price schedule. This price schedule has the first bottle of wine cost $50 and every bottle after costs $10. Suppose Roy's demand for bottles of wine at Angels Eat Lemons is described by Q = 10 - 0.2P (and Roy's inverse demand curve is described by P = 50 - 5Q) where P is price and Q is the quantity of wine bottles. How many bottles of wine will Roy purchase? 1 0 5 0 6 O 9 QUESTION 7 The market for wheat is perfectly competitive and the current short-run market price is $5 per bushel. The Market Demand for wheat is P = 100 - Q, where Q Save All Ansu Click Save and Submit to save and submit. Click Save All Answers to save all answers. M2_Economies of....pptx M2_Profit maximi.. M3_Firm and mar....pptx M3_Competitive....pptx MB_Perfect comp....pptx P ch