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.

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