K Market The data in the table below represent different demand and supply curves. Price per unit ($) 20.00 Price Quantity Supplied Quantity 18.00- per per Demanded Unit Unit of Time 16.00- per Unit of Time 14.00- $18 32 12 12.00- 2 16 28 10.00- Use the data in the table above to draw the linear supply and demand curves on the diagram to the right. 8.00- 6.00- 1.) Using the line drawing tool, illustrate both 4.00- the demand and supply curves. Label each line. 2.00- 2.) Using the point drawing tool, indicate the equilibrium point. Label this point 'P'. 0.00- Carefully follow the instructions above and only draw the required objects. Equilibrium price is $ and equilibrium quantity is units. 12 16 20 24 28 32 36 40 Quantity per unit of time G

K Market The data in the table below represent different demand and supply curves. Price per unit ($) 20.00 Price Quantity Supplied Quantity 18.00- per per Demanded Unit Unit of Time 16.00- per Unit of Time 14.00- $18 32 12 12.00- 2 16 28 10.00- Use the data in the table above to draw the linear supply and demand curves on the diagram to the right. 8.00- 6.00- 1.) Using the line drawing tool, illustrate both 4.00- the demand and supply curves. Label each line. 2.00- 2.) Using the point drawing tool, indicate the equilibrium point. Label this point 'P'. 0.00- Carefully follow the instructions above and only draw the required objects. Equilibrium price is $ and equilibrium quantity is units. 12 16 20 24 28 32 36 40 Quantity per unit of time G

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

ChapterA: The Use Of Mathematics In Principles Of Economics

Section: Chapter Questions

Problem 3RQ: Exercise A3 What dome slices of a pie chart represent?

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