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The graph shows a demand curve with the price of a good compared to the quantity demanded. A graph titled Demand for Microwave Ovens has
The graph shows a demand curve with the price of a good compared to the quantity demanded. A graph titled Demand for Microwave Ovens has quantity demanded on the x-axis, from 0 to 50 in increments of 5, and price in dollars on the y-axis, from 0 to 70 in increments of 10. A line with negative slope contains 2 points. Point (D 1, P 1) is at (15, 50), and point (D 2, P 2) is at (20, 30). What does this graph demonstrate? the amount of microwaves produced increases the price the amount of microwaves produced decreases the price the price decreases with a larger quantity demanded the price increases with a larger quantity demanded
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