To solve this question, we need to analyze the given demand schedule and determine what the chart actually represents. The table provided offers a clear representation of the relationship between the price of a product (Graphic T-shirts) and the quantity demanded by consumers.
Here's the data from the table:
```
\begin{tabular}{|c|c|}
\hline
Price per Graphic Tee & Quantity Demanded \\
\hline\[tex]$ 5.00 & 50 \\
\hline\$[/tex] 7.50 & 40 \\
\hline\[tex]$ 10.00 & 30 \\
\hline\$[/tex] 12.50 & 20 \\
\hline\$ 15.00 & 10 \\
\hline
\end{tabular}
```
Now let's interpret what these columns indicate:
1. The first column lists the "Price per Graphic Tee," which tells us how much each T-shirt costs.
2. The second column lists the "Quantity Demanded," which tells us how many T-shirts consumers want to buy at each price level.
We need to match this interpretation with one of the given options:
1. Interest in a product and the price a consumer pays: This option suggests the relationship involves consumer interest and the pricing, which sort of fits but leaves out the quantity aspect.
2. Interest in a product and the price a producer pays: This doesn’t match well, as the data doesn't indicate anything about the producer’s cost or interest.
3. Amount of a product and the price a consumer pays: This option precisely matches the relationship shown in the table – the amount (quantity demanded) and the price consumers pay.
4. Amount of a product and the price a producer pays: This option isn't relevant, as it doesn't concern the producer's costs.
From this analysis, the best match for what the chart shows is clearly:
Amount of a product and the price a consumer pays.
So, the correct interpretation of the table would be:
amount of a product and the price a consumer pays.
Thus, the solution to the question is:
amount of a product and the price a consumer pays.
