In a Market for Apples,a Consumer Purchases 30 Pounds When

question 25

Essay

In a market for apples,a consumer purchases 30 pounds when the price of apples is $1 per pound and the consumer's income is $5,000 per month.When the price of apples increases to $2 per pound,without any change in the consumer's income,she decides to purchase only 15 pounds of apples.Suppose,after a given period of time,the consumer's income falls to $3,000 per month.Her consumption of apples also decreases to 10 pounds.Using a graph,illustrate the difference between the change in quantity demanded and the change in demand for apples.

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Definitions:

Rigidity

The lack of flexibility or adaptability in processes, systems, or organizations that can hinder responsiveness and innovation.

Flexibility

The ability of a system, process, or entity to adapt to changes or demands without significant detriment or loss of functionality.

Consolidate Manufacturing

The process of centralizing or combining the production operations and facilities to improve efficiency and reduce costs.

Flexible Technology

Systems or equipment that can easily adapt to changes in production volume, design, or process, enhancing a company's ability to respond to market changes.