Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.?2420Demand-0-SupplyEquilibriumPRICE (Dollars per gallon of ice cream)59°FZain coming0040080012001600QUANTITY (Gallons of ice cream)20002400I'CaF12Fn Homework (CITThe following table shows the monthly demand and supply in the market for ice cream in Detroit.PriceQuantity Demanded(Gallons of ice cream)Quantity Supplied(Gallons of ice cream)(Dollars per gallon of ice cream)42,00020081,600600121,200800168001,200204001,800On the following graph, plot the demand for ice cream using the blue point (circle symbol). Next, plot the supply of ice cream using the orange point(square symbol). Finally, use the black point (plus symbol) to indicate the equilibrium price and quantity in the market for ice cream.Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.°Fin comingCIh((

Price Quantity demanded Quantity Supplied 4 2000 200 8 1600 600 12 1200 800 16 800 1200 20…

Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 24 20 Demand Supply + Equilibrium PRICE (Dollars per gallon of ice cream) 16 0 0 400 800 1200 1600 QUANTITY (Gallons of ice cream) 2000 2400

Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 24 20 Demand Supply + Equilibrium PRICE (Dollars per gallon of ice cream) 16 0 0 400 800 1200 1600 QUANTITY (Gallons of ice cream) 2000 2400

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Project this supply/demand schedule onto your graph.Be certain to properly label all parts!Be certain to properly label both axes. Help plz
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