Draw and label the demand curves. does this data indicate, Ask an Expert

Economics

1. Suppose the data in the table below represents the price of a base model hybrid automobile and the quantity of that model sold for 3 years.

a. Draw and label the demand curves.

b. Does this data indicate that the demand curve for this hybrid automobile is upward sloping? Why or why not?

Year Price Quantity
2008 $24,880 35,265
2009 $24,550 33,250
2010 $25,250 36,466

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Microeconomics, Economics

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