Demand schedule TThe demand schedule is a table that shows the relationship between the price of the good and the quantity demanded Harcourt, Inc. items and derived items copyright o 200l by harcourt, Inc
Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. Demand Schedule The demand schedule is a table that shows the relationship between the price of the good and the quantity demanded
Demand schedule Price Quantity 0.00 0.50 10 1.00 150 2.00 2.50 86420 3.00 Harcourt, Inc. items and derived items copyright o 200l by harcourt, Inc
Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. Demand Schedule Price Quantity $0.00 12 0.50 10 1.00 8 1.50 6 2.00 4 2.50 2 3.00 0
Determinants of demand Market price Consumer income Prices of related goods TAstes Expectations Harcourt, Inc. items and derived items copyright o 200l by harcourt, Inc
Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. Determinants of Demand Market price Consumer income Prices of related goods Tastes Expectations
Demand curve The demand curve is the downward- sloping line relating price to quantity demanded Harcourt, Inc. items and derived items copyright o 200l by harcourt, Inc
Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. Demand Curve The demand curve is the downwardsloping line relating price to quantity demanded
Demand curve Price of Ice-Cream Cone 300 Price Quantity $O.00 12 0.50 2.50 10 1.00 1.50 2.00 2.00 4 2.50 2 1.50 3.00 1.00 0.50 Quantity of 0123456789101112 Ice-Cream Harcourt, Inc. items and derived items copyright o 200l by harcourt, Inc Cones
Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. Demand Curve $3.00 2.50 2.00 1.50 1.00 0.50 1 2 3 4 5 6 7 8 9 10 11 12 Price of Ice-Cream Cone Quantity of Ice-Cream Cones 0 Price Quantity $0.00 12 0.50 10 1.00 8 1.50 6 2.00 4 2.50 2 3.00 0