Price 8 7 6 5 IX 4 3 2 330 550 1 0 110 220 440 660 Quantity per month 770 880 D S -(935, 0.5 990 Tools D2 O S2 e Suppose that in December the demand of mandarin oranges increases by 275 while the supply increases by 110. a) Draw the new curves D2 and S2 in graph above. Plot only the endpoints of the curve above and position those points on the edges of the graphing area.

MACROECONOMICS
14th Edition
ISBN:9781337794985
Author:Baumol
Publisher:Baumol
Chapter1: What Is Economics
Section1.A: Using Graphs: A Review
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Price
8
7
6
5
4
3
2
1
110
220
330
440
550
660
Quantity per month
770
880
D
-(935, 0.5
990
Tools
D₂
2
S2
с
Suppose that in December the demand of mandarin oranges increases by 275 while the supply increases by 110.
a) Draw the new curves D2 and S2 in graph above. Plot only the endpoints of the curve above and position those points on the edges
of the graphing area.
Transcribed Image Text:Price 8 7 6 5 4 3 2 1 110 220 330 440 550 660 Quantity per month 770 880 D -(935, 0.5 990 Tools D₂ 2 S2 с Suppose that in December the demand of mandarin oranges increases by 275 while the supply increases by 110. a) Draw the new curves D2 and S2 in graph above. Plot only the endpoints of the curve above and position those points on the edges of the graphing area.
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