Question

In the following table, the supply schedule in the third column equals the cumulative number of pounds of crawfish available for sale at the price indicated. The cumulative total is found by adding up in the second column all the pounds produced at a given price and at all lower prices.   These are the actual numbers from class.

Price	Number of Sellers Just Willing to Sell a Pound of Crawfish at the Price Indicated	Quantity Supplied
$10	3 Sellers	3
$12	3 Sellers	6
$14	3 Sellers	9
$16	3 Sellers	12
$18	3 Sellers	15
$20	3 Sellers	18
$22	2 Sellers	20

In the following table, the demand schedule in the third column equals the cumulative number of pounds of crawfish buyers would be willing and able to buy at the price indicated. The cumulative total is found by adding up in the second column all the pounds purchased at a given price and at all higher prices. These are the actual numbers from class.

Price	Number of Buyers Just Willing to Buy a Pound of Crawfish at the Price Indicated	Quantity Demanded
$22	3 Buyers	3
$20	3 Buyers	6
$18	3 Buyers	9
$16	3 Buyers	12
$14	3 Buyers	15
$12	3 Buyers	18
$10	2 Buyers	20

Use the axes to graph supply and demand. Use black ink for supply and blue ink for demand.

Answer 1

The required graph is below