Exploring Demand

 2. A profit-maximizing professor asks her class the maximum they would pay for an A. These are the numbers she gets: $100, $50, $75, $0, $200, $0, $500, $50, $50, $10, $25, $75, $50. Fill in the table below to show what the demand curve for an A looks like in this class.

Price
Quantity

$500

$200

$100

$75

$50

$25

$10

$0

3. Discussing the tuition and fees of a college, one of the financial administrators was worried that the institution was close to the "tipping point" in the cost-benefit calculations students and parents made when choosing a college. If there is a "tipping point" for tuition and fees, what does the demand curve for this college look like? Would an economist draw the demand curve this way? Why or why not?


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