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Consider the five consumers below, who were described in the video. Their willingness to pay for an electric car is listed. Graph the demand curve
Consider the five consumers below, who were described in the video. Their willingness to pay for an electric car is listed. Graph the demand curve for the car by creating an Excel scatterplot. To do so, create a list of possible prices, going from $0 to $35,000, in units of $5,000. For each price, calculate the total number of cars sold. Then graph those price-quantity points using a scatterplot.
Consumer | Willingness to pay |
Jamal | $13,000 |
Maria | $25,000 |
John | $20,000 |
Emma | $18,000 |
Sam | $18,000 |
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