Question
The following table gives the demand schedule for an individual's monthly demand for CDs. Price Quantity Demanded $35 6 $30 8 $25 10 $20 12
The following table gives the demand schedule for an individual's monthly demand for CDs.
Price | Quantity Demanded |
$35 | 6 |
$30 | 8 |
$25 | 10 |
$20 | 12 |
Assume there are 10 identical people in the market.
1.) Using the point drawing tool, indicate the point on the market demand curve that corresponds with the highest price, and label it 'High'.
2.) Using the point drawing tool, indicate the point on the market demand curve that corresponds with the lowest price, and label it 'Low'.
3.) Using the multipoint curve drawing tool, draw the market demand curve, and label it.
Give the coordinates
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