Question: 1. Using the data in the table below, plot the points to construct the demand curve for ice-cream Price Quantity (Qd) 100 200 300 400

1. Using the data in the table below, plot the

1. Using the data in the table below, plot the points to construct the demand curve for ice-cream Price Quantity (Qd) 100 200 300 400 500 10 8 6 4 2 (a) Describe the shape of the curve giving reason for your answer. (b) Using a separate curve, illustrate and explain what happened to the demand for ice- cream when prices decrease from $300 to $100. (C) Using a separate curve, illustrate and explain what happened to the demand for ice- cream when price increased from $200 to $500

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