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    Co Worksheets

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    JYNEST CUIZON
    The document describes a demand schedule for bucket hats at different price levels: - At $1 per hat, demand is 10 hats - At $7.5 per hat, demand is 5 hats - At $15 per hat, demand is 1 hat The demand curve is downward sloping, as quantity demanded decreases as price increases.

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    Co Worksheets

    Uploaded by

    JYNEST CUIZON
    28 views2 pages
    The document describes a demand schedule for bucket hats at different price levels: - At $1 per hat, demand is 10 hats - At $7.5 per hat, demand is 5 hats - At $15 per hat, demand is 1 hat The demand curve is downward sloping, as quantity demanded decreases as price increases.

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    CO_WORKSHEETS

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    The document describes a demand schedule for bucket hats at different price levels: - At $1 per hat, demand is 10 hats - At $7.5 per hat, demand is 5 hats - At $15 per hat, demand is 1 hat The demand curve is downward sloping, as quantity demanded decreases as price increases.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    28 views2 pages

    Co Worksheets

    Uploaded by

    JYNEST CUIZON
    The document describes a demand schedule for bucket hats at different price levels: - At $1 per hat, demand is 10 hats - At $7.5 per hat, demand is 5 hats - At $15 per hat, demand is 1 hat The demand curve is downward sloping, as quantity demanded decreases as price increases.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    My demand level for bucket hat decline (Option A: 1)

    I do it! as its price rises ($15) and rises (Option B: 5) and (Option
    1. What is one item of clothing or accessory (e.g, shoes, C:10), as the price drops ($7.5) and ($15).
    hats, etc.) that you wish would be mismarked to $1?

    Bucket Hat
    2. Why would you choose this item? You do it!
    1. What is one item of clothing or accessory (e.g, shoes,
    Aside from being a practical tool for sun protection, hats, etc.) that you wish would be mismarked to $1?
    these hats are also comfortable to wear. Usually
    made from lightweight materials such as cotton,
    bucket hats allow you to accessorize any outfit
    2. Why would you choose this item?
    without compromising your comfort.

    3. If it were mismarked to $1 from $15, how many would


    you buy? (Assume you are not allowed to resell
    the item.)

    4. Add your answer to the first row of the table below.


    FILL OUT THE TABLE
    **Do not fill in the remaining rows until instructed.** 3. If it were mismarked to $1 from $15, how many would
    PRICE QUANTITY you buy? (Assume you are not allowed to resell
    PURCHASED the item.)
    $1 10
    4. Add your answer to the first row of the table below.
    FILL OUT THE TABLE
    **Do not fill in the remaining rows until instructed.**
    5. Now imagine the price is 50% off instead of 1$. How PRICE QUANTITY
    many would you buy? PURCHASED
    Fill in the second row of the table with the price and quantity
    demanded.
    PRICE QUANTITY
    PURCHASED
    $1 10 5. Now imagine the price is 50% off instead of 1$. How
    $7.5 5 many would you buy?
    Fill in the second row of the table with the price and quantity
    demanded.
    6. Finally, how much would you buy if the item is full PRICE QUANTITY
    price? Again, fill in the final row of the table with the price PURCHASED
    and quantity demanded.
    PRICE QUANTITY
    PURCHASED
    $1 10
    $7.5 5 6. Finally, how much would you buy if the item is full
    $15 1 price? Again, fill in the final row of the table with the price
    and quantity demanded.
    7. What is our final demand schedule? PRICE QUANTITY
    PURCHASED
    DEMAND SCHEDULE OF BUCKET HAT
    PRICE QUANTITY
    PURCHASED
    $1 10
    $7.5 5 7. What is our final demand schedule?
    $15 1
    DEMAND SCHEDULE OF BUCKET HAT
    8. What is our demand curve? PRICE QUANTITY
    PURCHASED

    8. What is our demand curve?

    9. Interpretation:
    9. Interpretation:
    My demand level for bucket hat decline (Option A: 1)
    as its price rises ($15) and rises (Option B: 5) and (Option
    C:10), as the price drops ($7.5) and ($15).

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