DEMAND

SUPPLYANDDEMANDWORKSHEET

PartI:Usethespacebelowtotakenotesonthebasicprinciplesofdemand.Demand:

LawofDemand:

DemandSchedule:

DemandCurve:

PartII:

Usethechartbelowtoreplicatethedemandschedulewecreateinclass.

DemandScheduleforProduct:

PricePer Item	QuantityDemanded
$10	2
$8	4
$6	6
$4	8
$2	10

Createademand curvefor theproductbasedonthedemandschedule:PutpriceontheYaxisandquantity onthe X axis. Labelboth.Labelthedemand curve.

Demand Curve based on Demand schedule Quantity Demanded of apples (Kgs) 12 10 10 8 6 Quantity Demanded of apples (Kgs) 4 4 N 0 SO $2 $6 $8 $10 $12 price per items ($)