01.04 Demand-Assignment Create a Graph
Now that you are familiar with the way a demand curve is graphed, you will create your own graph to submit to your instructor.
Step 1: Launch the data generator to get started. Print or copy the data table to use in the next step.
Step 2: Create a demand graph:
Correctly label the x axis and y axis with the terms price and quantity
• Assign values for price and quantity along each axis. Consider the numbers in your data table and the size of your graph. For example, you may want to
of 25.
• Create a title for your graph by choosing a good or service for the data to represent.
• Using the data table from Step 1. plot a demand curve and label the curve "D".
Step 3: Add a curve to your graph that represents an increase in demand. Label the new curve "D1."
Step 4: In a few sentences, explain a situation that could have resulted in the demand increase. Be sure to:
• Make your situation specific to the product or service you chose in Step 2.
• Use at least one factor from the acronym TRIBE in your explanation.