To determine what the chart in question is illustrating, let's carefully analyze it step by step.
1. Headers and Structure of the Chart:
- The first column header is "Price per Graphic Tee."
- The second column header is "Quantity Demanded."
2. Content of the Chart:
- The chart lists different prices ranging from \[tex]$5.00 to \$[/tex]15.00 for a graphic tee.
- It also lists the corresponding quantity demanded at each price point, ranging from 50 units to 10 units.
3. Interpreting the Headers:
- "Price per Graphic Tee" refers to the price that consumers pay for each graphic tee.
- "Quantity Demanded" refers to how many graphic tees consumers are willing to buy at each respective price.
4. Understanding Demand:
- Generally, the term "demand" in economics refers to how much of a product consumers are willing and able to purchase.
- By linking the term "quantity demanded" with the corresponding prices, the chart shows how consumer interest (in terms of quantity) changes with different prices.
5. Clarifying the Options:
- Option 1: "interest in a product and the price a consumer pays" focuses on consumer interest related to price, but "interest" is not explicitly mentioned in terms of precise measurement.
- Option 2: "interest in a product and the price a producer pays" does not make sense since the prices listed are consumer prices.
- Option 3: "amount of a product and the price a consumer pays" accurately describes the relationship between the quantity demanded ("amount of a product") and the corresponding price for consumers.
- Option 4: "amount of a product and the price a producer pays" is irrelevant because the prices listed are what consumers pay, not producers.
Considering all these points, the chart most directly shows the relationship between the amount of a product and the price a consumer pays.
Therefore, the correct answer is:
Amount of a product and the price a consumer pays.
