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Unformatted text preview: -.W x— 6 9 O Q ‘E. httpswwwwmhlearnsmarLcomfflUw/smaMockhtml?seclianld=964543448tinshuctorld=24426541BlassignmentDueDale=2018702722l04%3A59%3A00&lsEbookAecess=true5i5=1521272350! L'J *‘ {a E. IQ :: Economics - The Micro Economy Today - Schiller, Gebhardt.14€. Supply and Demand FIGURE 3.3 A lion-ll m .l a.“ A demand schedule indicates the quantities oi a good a consumer is able and willing Io buy at aliemauve prlces [retells periods). The demand schedule here A ‘50 1 indicates mat Tum would buy 5 45 2 5 hours of web tutoring per C 40 3 semester ii the price were $35 per a 35 5 hour (row D) Ifweb tutoring were E 30 7 less expenslve {rm E4). Tom F 25 9 would purchase a larger quantlty. G 20 12 A demand curve is a graphical H 15 15 i|lus1ru1iori all a demand schedule. .l' 10 20 Each pain! on lhe curve refers to a specific quanlily flint will he demanded in a given prloe. II, for example, lhe price of web tutorirg were $35 per hour. this curve tells us the consumer would Durchm 5 hours persemesler (poim D). If web (marine cost $30 oer hour, 7 hours per semester would he demanded (palm E). Each point on the curve nonesporidslo a row In the schedule. Pyle-incur. ‘3 III Iirih unrice for puwhuiiiu lirrme ticlms. new Dickens, Ind car rentals. The in Ilium aasasafi Pfilcl OFTU‘I'OFINR [dd hi! per hour} a 0 Type here to search ...
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