Create a hypothetical table showing the various prices and quantity and draw the demand curve using that data.

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Solution

price quantity demanded
5 40
10 30
15 20
20 10
Take values for price at specific intervals, such as 5, 10, 15, 20 etc. and assign a value for the quantity demanded at that price level. Ensure it follows the law of demand.

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Create a hypothetical table showing the various prices and quantity and draw the demand curve using that data.

price quantity demanded 5 40 10 30 15 20 20 10Take values for price at specific intervals, such as 5, 10, 15, 20 etc. and assign a value for the quantity demanded at that price level. Ensure it follows the law of demand.

price quantity demanded
5 40
10 30
15 20
20 10
Take values for price at specific intervals, such as 5, 10, 15, 20 etc. and assign a value for the quantity demanded at that price level. Ensure it follows the law of demand.