Draw 3 graphs explaining the movement on the supply curve (1st graph), shift left (2nd graph), and shift right (3rd graph) of supply curve applied to food supply examples, providing a minimum of one economic factor per graph to explain the changes in supply. Include:  - Explanation of equilibrium price and quantity, and how equilibrium shifts with supply and demand curve shifts, applied to the examples used in the graphs and the explanation of shortage & surplus, applied to the examples used in the graphs.

Directions: In the space provided, draw supply and demand for each of the following prompts. Label your axes with price and quantity. 1. Change in quantity demand caused by price 2. Change in quantity supply caused by price 3. Shift in Demand right and left caused by TIRES 4. Shift in Supply right and left caused by TIGERS

Use the following data to draw supply and demand curves on the accompanying graph, and then answer three questions. Price Quantity demanded Quantity supplied Price (per unit) 10 9 8 7 6 5 4 3 2 1 Instructions: Use the 'Supply' and 'Demand' tools to draw the supply and demand curves using the data in the table above. Include each price-quantity combination (plot 8 points total for each line). Ⓡ 0 @ 2 W 1 4x 2 ▬▬ $8 2 10 F2 $7 3 9 3 4 5 6 7 89 10 Quantity (per time period) Q Search #3 E $6 4 8 ŷ $5 5 7 F3 4) 54 $4 $3 $2 $1 6 8 9 6 4 3 $ R 7 5 F4 Tools 7 Demand O i DII 55 % F5 T Supply PrtScn U F8 * 8 Home F9 9 End F10 PgUp 0

Quantity Demanded 400,000 330,000 260,000 200,000 150,000 100,000 Price of Apples Quantity Supplied 40,000 60,000 120,000 200,000 300,000 420,000 10 20 30 40 50 6. Using the table above plot the information in a supply and demand graph 7. At what quantity and price (market price) is there an equilibrium? 8. At what price is their excess demand? 9. At what price is their excess supply? 10. If there is excess demand what do you think will happen? 11. If there is excess supply what do you think will happen?