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ariellesircy

  • one year ago

Okayy, so in my Economics assignment I have to create a demand curve graph... The instructions on how to do it below so I was hoping that someone could read through them and maybe know of a tutorial on how to create it in Excel or walk me through how to do it if you know how...

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  1. ariellesircy
    • one year ago
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    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 label price in increments 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. Step 5: Add another curve to your graph that represents a decrease in demand. Label the new curve “D2.” Step 6: In a few sentences, explain a situation that could have resulted in the demand decrease. 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.

  2. ariellesircy
    • one year ago
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    @dan815 @TheSmartOne @jagr2713 @Compassionate

  3. dmndlife24
    • one year ago
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    Well, in step 1, it says to launch the data generator...so just make a demand curve on a piece of graph paper or something that shows the demand for a specific product or service at that particular quantity. And be sure to also label them with the correct intervals or price increments like it says in step 2.

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