Plot the demand curve in the graph if the Price 15,12.50,10,7.50and 5 with quantity demanded of 50,80,120,180 and 250

Here is the demand curve based on the provided price and quantity data. The curve illustrates the inverse relationship between price and quantity demanded, which is typical for demand curves in economics.

Would you like to discuss the graph further, or do you have any other questions?

Here are some related questions you might find interesting:
1. How does a change in price affect the quantity demanded in this graph?
2. What factors could shift this demand curve to the right or left?
3. How would a price ceiling impact the demand curve?
4. Can you calculate the elasticity of demand between two points on this curve?
5. What happens to consumer surplus as the price decreases?

**Tip:** A steeper demand curve indicates less price sensitivity (inelastic demand), while a flatter curve indicates more price sensitivity (elastic demand).

Explore how to plot the demand curve using price and quantity data. This detailed analysis shows the inverse relationship between price and quantity demanded in economics. Includes a step-by-step graph illustration and related questions on price elasticity and consumer surplus.

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