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Create a Demand Schedule for your favorite food. Create a Demand Schedule for your favorite food. Identify any food and units by which you consume
Create a Demand Schedule for your favorite food.
- Create a Demand Schedule for your favorite food. Identify any food and units by which you consume it (i.e. pizza, 1 slice). Place price on the left and quantity on the right.
- Draw a Demand Graph for your this food, place price on the vertical axis and quantity on the horizontal axis. Please plot each point you identified in your schedule.
- give a brief description of this food. Explain what specific non price determinants could cause a change in your demand curve . Choose specific goods and scenarios that would affect YOU (i.e. beer is a compliment to pizza, a hamburger is a substitute). Remember that PRICE changes QUANTITY DEMANDED, not demand.
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