Show a demand curve for pizza

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Reference no: EM1363488

Using the following utility schedule, derive a demand curve for pizza.

Pizza Total Utility Beer Total Utility

1 200 1 500
2 380 2 800
3 540 3 900
4 600 4 920
5 630 5 930

Assume income is $10, the price of each slice of pizza is $1, and the price of each glass of beer is $2.

Then change the price of pizza to $2 per slice.

Now change income to $12 and derive a demand curve for pizza.

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Reference no: EM1363488

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