Analysis of data for collect data of changes in demand for various vegetables with the respect to change the price during one week
Answers
Answer:
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Data of changes in demand for various vegetables with the respect to change the price during one week
Explanation:
As we know that when the price of commodity increases is it demands falls down and when price of a commodity decrease is it demand goes up. we can use this argument about the vegetable as well.
There is a one week data of vegetables and their price. it will help us to understand the law of demand :
Days price of veg. Demand of veg
Sunday. 10 50
Monday. 15 45
Tuesday. 20 40
Wednesday. 25 35
Friday. 30 30
Saturday. 35 25
As we have seen in this data chart, from Sunday to saturday when the price of veggies increases the demand of veggies decreases.