${?}_{}^{}$ Demand: Thinking Like a Buyer $$ End of Chapter Problem

A team of analysts at Amazon is researching the viability of producing a smart watch. How might they estimate potential demand for their smart watch?

a$.$ Consider the four$-$step process that many companies follow to estimate the market demand curve for their product. Place the steps in order, with the first step in the highest position and the last step in the lowest position.

Answer Bank

add up the total quantity demanded by the customers at each price point

scale up the quantities demanded by the survey respondents