The table below shows the demand of two products at different prices. Identify the product (1 or 2) in the table that reflects the law of demand.

here are the answers to your questions:

2.2.1 Product 1

2.2.2 The law of demand states that as the price of a product increases, the quantity demanded decreases. For Product 1, as the price per bag increases from R5 to R30, the quantity demanded consistently decreases from 600 kg to 100 kg.

2.2.3

• Product 1: Elastic demand
• Product 2: Perfectly inelastic demand

2.2.4

• Product 1 (Elastic demand): The quantity demanded changes significantly in response to changes in price. A relatively small percentage change in price leads to a relatively larger percentage change in quantity demanded.
• Product 2 (Perfectly inelastic demand): The quantity demanded remains constant (at 2000 kg) despite changes in price over a significant range (from R15 to R30).

2.2.5 To draw a line graph showing the quantity of Product 1 demanded at different prices:

1. Draw a set of axes.
2. Label the vertical (y) axis "Price per Bag (R)" and the horizontal (x) axis "Quantity Demanded (KG)".
3. Choose an appropriate scale for each axis. For example, the price axis can go from R0 to R35 in increments of R5, and the quantity axis can go from 0 kg to 700 kg in increments of 100 kg.
4. Plot the following points from the table for Product 1:
   • (600 kg, R5)
   • (500 kg, R10)
   • (400 kg, R15)
   • (300 kg, R20)
   • (200 kg, R25)
   • (100 kg, R30)
5. Connect these plotted points with a smooth line. The line should slope downwards from left to right, illustrating the inverse relationship between price and quantity demanded.
6. Give the graph a suitable title, such as "Demand Curve for Product 1".