Demand Questions

Below is a daily demand schedule for hamburgers.

Price Quantity Demanded

$2.00 20

$1.80 40

$1.60 70

$1.40 100

$1.20 120

$1.00 130

1.a) Graph the demand curve for hamburgers based on the data from the table above and

label it D.

1.b) Provide the graph with a title, and label the axis and origin

2. Devise your own hypothetical demand schedule for a good or service you buy. Plot

the demand curve (D) on a graph and label the graph fully.

3. How will the demand for eBooks be affected in each of the following situations?

a) Consumer incomes rise

b) The price of eBook readers decreases

c) There is a sudden expectation by consumers that the price of eBooks will soon

drop

d) The price of print books rises

4. A decrease in the price of coffee affects both the market for coffee and the market for

tea.

a) Is the change in the coffee market a change in the quantity demanded or in

demand? Why?

b) Us the change in the tea market a change in quantity demanded or in demand?

Why?