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Writing assignment: Creating your own Demand Schedule
Bryan loves to buy CDs to add to his growing music collection. He has a part-time job and shops for them on a weekly basis. At $20.00 per CD, he will purchase 1 CD. At $15.00 per CD, he will purchase 2 CDs. At $10.00 per CD, he will purchase 3 CDs. At $8.00 per CD, he will purchase 4 CDs. And at $5.00 per CD, he will purchase 5 CDs.
Write the answers in your notebook:
1. Create a demand schedule based on the information provided above.
2. Create a demand curve based on this information as well.
3. What type of demand schedule are you creating with this information: an individual demand schedule or a market demand schedule?
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