Balagosa, Arvin R.

ECON 1
BSE-2C Ms. Capila

Assessment Task 4
Law of Demand. Graph and explain the demand curve based on the table below.
Demand Schedule for Bread
PRICE (in pesos) QUANTITY DEMANDED (in piece)

5 0
4 10
3 20
2 30
1 40

Demand Curve
6

4
PRICE

0
0 10 20 30 40

QUANTITY DEMANDED

 We can see from the chart above that a decrease in the price of a bread would
increase the quantity demand of bread.
Change in Demand. Graph and explain the demand curve based on the table below.

Demand Curve Demand Curve

6 6
5 5
4 4
PRICE

PRICE
3 3
2 2
1 1
0 0
20
10 30
20 0 40
30 10 50
40 20 60
50 30 40

INCREASED
INITIAL DEMAND
DEMAND
DECREASED DEMAND

Adjusted Demand Schedule for Bread

PRICE INITIAL DEMAND INCREASED DECREASED
(in pesos) (in pieces) DEMAND DEMAND
(in pieces) (in pieces)
5 10 20 0
4 20 30 10
3 30 40 20
2 40 50 30
1 50 60 40

 We can see from the chart of initial demand if the price is decrease the initial
demand of bread will increase.
 In increased demand they are also same in initial demand but the price of bread
will be 1 in pesos the demand of bread will be 60.
 In decread demand if the price of bread will increased 5 in pesos there is no one
who can make or sell bread.