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Suppose that Honda has asked you to conduct a focus group to predict how the number of Honda Accord vehicles demanded would change if the

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Suppose that Honda has asked you to conduct a focus group to predict how the number of Honda Accord vehicles demanded would change if the price changes. You arrange a focus group of 50 potential car buyers to illustrate how Honda could answer such question. You asked the members of the group if they would be willing to buy an Accord at various prices. As a result, for each of eight prices ranging from $5,000 to $40,000, you have the following information on how many Accords will he demanded at each price by this group. 0 P 1 $40,000 2 35,000 7 30,000 15 25,000 24 20,000 35 15,000 40 10,000 47 5,000

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