To determine the link that the given chart is illustrating, let's carefully analyze the data and the labels provided in the table.
The chart provided is a demand schedule which compares the price of a product to the quantity demanded by consumers. Let's break down each part:
1. Price per Graphic Tee:
- This column shows the price that a consumer would pay for one graphic T-shirt.
2. Quantity Demanded:
- This column shows the number of graphic T-shirts that consumers are willing to purchase at each price point.
Given the data in the table:
- At a price of [tex]$5.00 per T-shirt, consumers are willing to purchase 50 T-shirts.
- At a price of $[/tex]7.50 per T-shirt, consumers are willing to purchase 40 T-shirts.
- At a price of [tex]$10.00 per T-shirt, consumers are willing to purchase 30 T-shirts.
- At a price of $[/tex]12.50 per T-shirt, consumers are willing to purchase 20 T-shirts.
- At a price of $15.00 per T-shirt, consumers are willing to purchase 10 T-shirts.
The relationship shown in the table clearly describes how the price (that a consumer pays) affects the quantity of graphic T-shirts demanded by consumers.
Now let's analyze the provided options:
1. Interest in a product and the price a consumer pays:
- This is not fully accurate because it talks about 'interest' rather than the specific quantity demanded.
2. Interest in a product and the price a producer pays:
- This option is incorrect as it involves the producer's cost, which is not discussed in the table.
3. Amount of a product and the price a consumer pays:
- Correct! This correctly describes the table's content: the quantity of T-shirts (the amount) and the price paid by consumers.
4. Amount of a product and the price a producer pays:
- This is incorrect as it relates to the producer's costs, not relevant to the data.
Therefore, the correct link that the chart is illustrating is the "amount of a product and the price a consumer pays."
The correct answer is:
Amount of a product and the price a consumer pays.
