1. The following is the assumed demand schedule for an ice cream consumer in Queens, New York:

Demand Schedule

PriceQuantity Demanded per Year (thousands of cones)

$2.2512

$2.0016

$1.7520

$1.5024

$1.2528

$1.0032

A.Using the information above, draw a graph showing the consumer's demand curve for

ice cream.

B.Analyze three reasons why the demand curve that you have derived slopes the way that

it does.

2 A.Explain the differences between a change in quantity demanded of a good and a

change in the demand of that good.

B.Would a change in the price of ice cream cause a change in the demand for

ice cream?Explain why or why not?