The following frequency distribution shows the frequency of the asking price, in thousands of dollars, for current homes on the market in a particular city. 
What percentage of houses has an asking price under $550,000?
Definitions:
Quantity Demanded
The aggregate quantity of a product or service that buyers are prepared to buy at a specified price point.
Quantity Demanded
The aggregate demand for a product or service, defined as the overall quantity that buyers are ready and capable of buying at a specific price point in the marketplace.
Quantity Demanded
The complete sum of a certain good or service that consumers are ready and capable of buying at a determined price level.
Inferior Good
A type of good whose demand decreases as consumers' income increases, opposite to normal goods.
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