The chart compares the price of graphic T-shirts to the quantity demanded.

Demand Schedule

\begin{tabular}{|c|c|}
\hline \begin{tabular}{c}
Price per \\
Graphic Tee
\end{tabular} & \begin{tabular}{c}
Quantity \\
Demanded
\end{tabular} \\
\hline[tex]$\$[/tex] 5.00[tex]$ & 50 \\
\hline$[/tex]\[tex]$ 7.50$[/tex] & 40 \\
\hline[tex]$\$[/tex] 10.00[tex]$ & 30 \\
\hline$[/tex]\[tex]$ 12.50$[/tex] & 20 \\
\hline[tex]$\$[/tex] 15.00$ & 10 \\
\hline
\end{tabular}

This chart shows the link between:

A. interest in a product and the price a consumer pays.

B. interest in a product and the price a producer pays.

C. amount of a product and the price a consumer pays.

D. amount of a product and the price a producer pays.



Answer :

Certainly! Let's analyze the given chart to determine the correct answer.

The chart you provided shows two columns:
1. Price per Graphic Tee.
2. Quantity Demanded.

We can see data like:
- At \[tex]$5.00, the quantity demanded is 50. - At \$[/tex]7.50, the quantity demanded is 40.
- And so on, with the quantity demanded decreasing as the price increases.

The aim here is to identify the relationship that the chart represents.

Observing the provided options, we need to determine what the chart specifically connects:
1. Interest in a product and the price a consumer pays.
2. Interest in a product and the price a producer pays.
3. Amount of a product and the price a consumer pays.
4. Amount of a product and the price a producer pays.

Based on the chart:

- The left column shows the price per graphic tee, which is related to what the consumer pays.
- The right column shows the quantity demanded, which corresponds to the amount of the product that consumers are willing to buy at each price level.

Connecting these observations, the chart effectively highlights the amount of a product and the price a consumer pays, showing how demand varies with price adjustments.

Therefore, the detailed, step-by-step consideration of the options reveals that the correct relationship the chart illustrates is the amount of a product and the price a consumer pays.

The correct answer is:

The chart shows the linkage between the amount of a product and the price a consumer pays.

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