Willingness to Pay and the Demand Curve

Reservation prices

The curve is the list, drawn

What shifts the whole curve

A first algebraic form

Six buyers have reservation prices for a jar of honey of 55, 48, 42, 35, 28 and 20 dollars. If the market price is 30 dollars, how many jars are demanded and why?

Honey and jam are substitutes for many breakfast eaters, and honey and scones are complements. What happens to the demand curve for honey if the price of jam falls sharply while the price of scones is unchanged?

A market demand curve is Q = 130 - 3P, where Q is jars per week and P is dollars per jar. Compute the quantity demanded when the price is 25 dollars and write the number.

Four buyers hold reservation prices of 60, 50, 41 and 30 dollars for a jar of rare honey. If the market price is 45 dollars, how many jars are demanded?

Which of the following describes a movement along the demand curve for honey rather than a shift of the curve?

A market demand curve is Q = 130 - 3P, where Q is jars per week and P is dollars per jar. Compute the quantity demanded at a price of 20 dollars, and write the number.