Go to eBay.com or another auction site. Find the bidding record from a completed (or nearly completed) auction on a type of good that interests you. a. Create a table showing each bidder's maximum bid. (Note: Some people may have bid more than once. Use only each person's highest bid.) b. Use the table to plot the demand curve for the item in this auction. c. Determine the bidders' total willingness to pay for the good. For example, suppose you consider an item, good X, with three bids: bids of $16, $13, and $4, as shown below. Consumers Consumer 1 Consumer 2 Consumer 3 Bids $16 $13 $4 Using the multi-point curve drawing tool, plot the step-like demand curve for this item. Label this curve 'Demand.' After plotting the final point of your multipoint curve, press the Esc key on your keyboard to end the line. Carefully follow the instrutions above, and only draw the required object. CD p, $ per unit 20- 18- 16- 14- 12- 10- a 8- 6- 4- 2- 0- 0 2 Q, Quantity 3 Q

Go to eBay, com or another auction site. Find the bidding record from a comploted (or nearfy completed) auction on a type of good that inlerests you a. Create a table showing each bidder's maximum bid. (Note: Some people may have bid more than once. Use only each person's highest bid.) b. Use the table to plot the demand curve for the item in this auction. c. Determine the bidders' total willingness to pay for the good. For example, suppove you consider an item, good X, whth thee bids; bids of $16. 513, and 54 , as shown below. Using the multi-point curve drawing tool, plot the step-like demand curve for this item. Label this curve Demand: Afer plotting the final point of your multipoint curve, press the Esc key on your keyboard to end the line. Carehuly follow the instrutions above, and only draw the required object