Question

the following graph shows the demand curve for a good. between points t and u, the demand for this good is ________. [use the midpoint formula to determine your answer].

Answer 1

The demand for the good between points T and U can be determined using the midpoint formula. For example, if the quantity at point T is 10 and the quantity at point U is 30, the demand would be 10.

Step-by-step explanation:

The demand for the good between points T and U can be determined using the midpoint formula. The midpoint formula calculates the average of the two quantities at each end of the interval. To find the demand, we subtract the quantity at point T from the quantity at point U and divide that by 2.

Demand = (Quantity at Point U - Quantity at Point T) / 2

For example, if the quantity at point T is 10 and the quantity at point U is 30, the demand would be (30-10)/2 = 10. So, the demand for the good between points T and U is 10.