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

. 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.

. 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

. 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?