Questions: The table given shows the demand for books.
Price () Quantity of books demanded
------
0 300
10 200
20 100
30 0
1.) Using the point drawing tool, plot each point in the table above in the adjacent graph.
2.) Using the line drawing tool, draw the line that connects all the four points in the graph. Label this line as "Demand".
Carefully follow the instructions above, and only draw the required objects.
Transcript text: The table given shows the demand for books.
\begin{tabular}{|c|c|}
\hline Price (\$) & \begin{tabular}{c}
Quantity of books \\
demanded
\end{tabular} \\
\hline 0 & 300 \\
\hline 10 & 200 \\
\hline 20 & 100 \\
\hline 30 & 0 \\
\hline
\end{tabular}
1.) Using the point drawing tool, plot each point in the table above in the adjacent graph.
2.) Using the line drawing tool, draw the line that connects all the four points in the graph. Label this line as "Demand".
Cancfully follow the instructions above, and only draw the required objects.
Books
Solution
Solution Steps
Step 1: Plot the points from the table
The table provides four price-quantity combinations:
($0, 300 books)
($10, 200 books)
($20, 100 books)
($30, 0 books)
These points should be plotted on the graph where the x-axis represents the quantity of books and the y-axis represents the price.
Step 2: Draw the demand curve
After plotting the points, a straight line should be drawn connecting all four points. This line represents the demand curve and should be labeled "Demand".
Final Answer
The final answer would be the graph with the four points plotted and the line connecting them labeled "Demand". It would be a downward-sloping straight line, indicating the inverse relationship between price and quantity demanded.