Answer
There is inverse relationship between ice and quantity of tickets.
Work Step by Step
Intercept indicates that at a ticket price of 50, no tickets would be bought.
The slope of — 2.5 shows that there is an inverse relationship between ice and quantity of tickets. .When the price of falls by10, the number of tickets sold increases by 4000. When the slope becomes steeper, the demand becomes less responsive to price changes and for a large change in price, the quantity demanded will fall by a small amount. When Intercept increases, the price at which no quantity of goods is bought increases.
