Assignment 2: Graphing a demand curve using real data

In the spreadsheet Bradley_demand, you are provided with data on prices and quantity demanded
for a number of individuals interested in buying a political futures contract in the fall of 1999.
This contract pay $1 if Bill Bradley is the Democratic nominee for the election in 2000. It will
pay $0 if he is not.
Part 1: Following the same procedure as in Assignment 1, use Excel to construct a demand curve
for the Bradley contract. (Is the quantity demanded highest at the lowest price?)
Part 2: Using Excel, plot the data with the prices as the Y axis and the total quantity demanded as
the Y axis. Use the Chart Wizard. This should be an X-Y chart (with lines). You may have to
move the columns around to get the right axes.
Part 3: In November 1999, Bill Bradley had a political rally in Madison Square Garden in New
York City. Among the featured speakers were many current and former NBA players. Bill
Bradley is a former professional basketball player himself. What effect do you think this political
rally would have on the demand curve for Bradley contracts? Sketch (by hand) the new demand
curve on the same graph from Part 2.