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Solved in 3 steps with 1 images
- Create a chart with a demand to the leftCreate a demand chart based on number 5. Demand to the leftCoffee bean merchants notice that coffee prices are at a historic low today, but they expect the price of coffee beans to increase in the next six months. How will the situation affect the supply of coffee beans on the market today and next six month? Draw the graph to show this situation.
- Which graph shows an increase in quantity demand? Choose from 1, 2, or 3.Identify the changes in supply from the chart: Chart is in the image Please labelNeeding to check my answer on numeber 3. I have graphed it but wanting to make sure I have understood the question properly. There are no numbers to plot. Just need to graph the demand and supply.
- What is Demand. List all the types of demands and explain them.The following diagram shows supply and demand in the market for tablets.A taco hut is trying to determine its demand if it changes it's price. In 2019, they sold tacos for 1.00 and sold 6,000. In 2020, they increase the price of tacos to 1.50 and demand dropped to 5,500. In 2021, the owners of the taco hut want to increase taco price to 2.00 dollars. What would demand be for 2021? What if they lowered the price to .50, how much would demand be?