This is not a grade **Instructions for Creating a Demand Graph**Using the data provided, create a demand graph by following the steps below. You may use one of the following tools to create your graph:a. [Desmos](http://www.desmos.com) (online graphing tool) b. Microsoft Excel (numerous tutorials available online) c. Sketch it manually, photograph it, and upload the image. **Requirements:**a. Accurately label the x-axis and y-axis with "price" and "quantity" respectively. b. Assign appropriate values for price and quantity on each axis. Consider the data and graph size. For example, labeling price in increments of 25 could be effective. c. Create an appropriate title for your graph by selecting a relevant good or service. d. Plot a demand curve using the data below and label it as "D." e. Add a curve depicting a decrease in demand and label it "D1." f. Add another curve depicting an increase in demand, labeling it as "D2." **Data Table:**| Price (in whole dollars) | Quantity ||--------------------------|-----------|| 50 | 900 || 75 | 800 || 100 | 700 || 125 | 600 || 150 | 500 || 175 | 400 || 200 | 300 || 225 | 200 || 250 | 100 |**Attachment:**Ensure to upload any required files as needed.

A demand curve shows the relationship between quantity demanded of a good and its own price, while…

Requirements: a. Correctly label the x-axis and y-axis with the terms price and quantity. b. Assign values for price and quantity along each axis. Consider the numbers in your data table and the size c example, you may want to label price in increments of 25. c. Create a title for your graph by choosing a good or service for the data to represent. d. Using the data table below, plot a demand curve and label the curve "D." e. Add a curve to your graph that represents a DECREASE in demand. Label the new curve "D1." f. Add another curve to your graph that represents an INCREASE in demand. Label the new curve "D2." Price (in whole dollars) 50 75 Quantity 900 800

Requirements: a. Correctly label the x-axis and y-axis with the terms price and quantity. b. Assign values for price and quantity along each axis. Consider the numbers in your data table and the size c example, you may want to label price in increments of 25. c. Create a title for your graph by choosing a good or service for the data to represent. d. Using the data table below, plot a demand curve and label the curve "D." e. Add a curve to your graph that represents a DECREASE in demand. Label the new curve "D1." f. Add another curve to your graph that represents an INCREASE in demand. Label the new curve "D2." Price (in whole dollars) 50 75 Quantity 900 800

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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