Gradebook 9/24/2018 08:00 PM A 0/100 d- Print Calculator-1 Penodic Table Questio

Question

Gradebook 9/24/2018 08:00 PM A 0/100 d- Print Calculator-1 Penodic Table Question 4 of 22 MapA Sapling Learning eacmdlan learning Below is the demand schedule for chicken feet, a dim sum delicacy served at some Chinese restaurants. Price of chicken feet (per Quantity of chicken feet pound) Quantity of chicken feet demanded (millions of demanded (millions of pounds) in 2001 3.0 3.2 3.6 4.1 5.7 pounds) in 2011 $5 $2.50 $1.25 $1.00 $0.50 9.2 9.9 10.3 12.2 15.0 1. How many millions of pounds more of chicken feet were demanded in 2011, at 50 cents a pound, than in 2001? Number | millions of pounds 2. Based on the demand schedule, you conclude: O the demand curve shifted to the right. O the demand curve shifted to the left. O there was movement along the demand curve to the right. 0 there was movement along the demand curve to the left. O Previous 9 Check Answer 0 Next Exit- Hint

Explanation / Answer

1. 9.3 millions of pounds
(In 2001, demand at $0.50 = 5.7; in 2011, demand at $0.50 = 15.0; so increase in demand = 15 - 5.7 = 9.3)

2. the demand curve shifted to the right.
(As quantity demanded at each price is higher in 2011 than in 2001 so quantity demanded increased in 2011 and thereby supply curve shifted to the right.)

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