00:01
Here we're told the price of mp3 players goes from $150 down to $80.
00:09
We're told the quantity demanded, or the demand, goes from $100 to $500.
00:16
So we're going to graph the demand curve here.
00:20
I have quantity on the x -axis and price on the y -axis.
00:26
Since demand is in hundreds, i'm just going to keep it in hundreds.
00:29
So here's 100 200 300 400 500 and 600 and we have enough so i'm just gonna leave it at that for the price we're gonna start at 50 and go up by tens and this break here means like that's zero to 50 but since i'm jumping i'm gonna put a break there in my graph so here's 50 60 70 70, 80, 90, 100, 110, 120, 130, 140, 150, 160, 170, and 180...