(The entire Q. 3 is worth 15 points). Below is data showing the Demand and Supply Schedules for Hamburger Meat over the next 3 months. This is hamburger meat you would buy in a grocery, supermarket or "online" grocery retailer. Use this data in answering the questions below.The data is in thousands of pounds and the price is the price per pound. Assume that all stores sell the same quality of hamburger meat.

Price Quantity Price Quantity

per lb. Demanded (Qd) per lb. Supplied (Qs)

$6.75 9 $6.75 81

6.00 18 6.00 72

5.25 27 5.25 63

4.50 36 4.50 54

3.75 45 3.75 45

3.00 54 3.00 36

2.25 63 2.25 27

1.50 72 1.50 18

.75 81 .75 9

1. First, draw a graph of only the demand curve, neatly. Use graph paper. One way to get graph paper is to Google it. Draw the graph yourself. Don't use a computer

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program to draw it for you. Price goes on the y-axis and Quantity goes on the x-axis. Then plot the points that represent Price and Quantity demanded. You only need to look at the first two columns of data above for this.

1. If the price equals $2.25 per pound, the quantity demanded would equal what? If the price equals $2.75 per pound, the quantity demanded would approximatelyequal what? According to the graph, if the price per pound of hamburger meat rose from $2.25 to $3.00 a pound, how much does the quantity demanded change? What if the price goes from $3.00 to $3.75 per pound?

1. If the price of hamburger meat changes by $.75 (75 cents) per pound, how much does the quantity demanded change? And, would this be considered a "movement along the demand curve"why or why not?

1. What are three nonprice determinants of demand?