STRAND 3 OUR ECONOMY 22. The table below shows the demand and supply schedules for Boosted Board electric skateboards. Price € Quantity demanded (units) Quantity supplied (units) 800 25,000 5,000 900 20,000 10,000 1,000 15,000 15,000 1,100 10,000 20,000 1,200 5,000 25,000 Using the information supplied, construct a diagram. On your diagram: (a) Label each axis. (b) Draw and label the demand curve for Boosted Boards. (c) Draw and label the supply curve for Boosted Boards. (d) Show the equilibrium quantity and price for Boosted Boards.
STRAND 3 OUR ECONOMY 22. The table below shows the demand and supply schedules for Boosted Board electric skateboards. Price € Quantity demanded (units) Quantity supplied (units) 800 25,000 5,000 900 20,000 10,000 1,000 15,000 15,000 1,100 10,000 20,000 1,200 5,000 25,000 Using the information supplied, construct a diagram. On your diagram: (a) Label each axis. (b) Draw and label the demand curve for Boosted Boards. (c) Draw and label the supply curve for Boosted Boards. (d) Show the equilibrium quantity and price for Boosted Boards.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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