Your task is to take this and construct a graphical representation of the data. In doing so, you determine that as the price of soda rises, the quantity of soda demanded decreases. This confirms the .

1.  Demand Schedule

2.  Law Of Demand

Explanation:

A demand schedule in economics is a tabular representation that describes the quantity demanded of a good or service at different price levels.

In other words, demand schedule depicts the quantity or units of a good or service will be purchased at various price points.

On the other hand, the law of demand states that, given that, all things being equal, as the price of a good increases, quantity demanded decreases; and at the same time, as the price of a good decreases, quantity demanded increases.

Hence, it is can be concluded that, in this case, Your task is to take this DEMAND SCHEDULE and construct a graphical representation of the data. In doing so, you determine that as the price of soda rises, the quantity of soda demanded decreases. This confirms the LAW OF DEMAND.

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