The following figure plots the average farm prices of potatoes in

The following figure plots the average farm prices

of potatoes in the United States for the years 1989
to 1998 versus the annual per capita consumption.

Each point represents the price and quantity data

for a given year. Explain whether simply drawing

the line that approximates the data points would

give the demand curve for potatoes

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>