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and this lesson going to illustrate and explain how to derive a demand equation using data from a demand schedule or a demand curve youll be call from earlier lessons on demand that I use the example of a survey that I gave to my class to determine the demand for candy in a week at a range of prices from two dollars and fifty cents down to fifty cents and this is roughly what we came up with of course the actual data wasnt a perfectly linear relationship like we see here but Im changing the number slightly to demonstrate how we can derive an equation to represent the demand for a good when that relationship is linear notice of course that the law of demand is clearly on display here at lower prices there is a higher quantity of candy demanded by my students and at higher prices there is a lower quantity demanded by my students what I want to talk about now is how to come up with an equation to represent demand and you may be thinking right away well I learned in middle school or hi
