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Figure 2.1 Demand for Tomatoes
The demand curve D1 for tomatoes at Pike Place Market shows how the quantity of tomatoes demanded varies with the price. As the price of tomatoes decreases, consumers demand greater quantities of tomatoes, creating a downward-sloping demand curve. At a price of $5 per pound, consumers demand no tomatoes; at $4, $3, $2, and $1, consumers are willing to purchase 200, 400, 600, and 800 pounds of tomatoes, respectively.