Question

Using the Supply and Demand Schedules to answer the following questions Table 1 Quantity Quantity Supplied Demand Price 100 30 70 200 40 60 300 50 50 40 400 60 500 70 30 600 80 20 3a. Draw the Supply and Demand graph and label. Show the area for the shortage, surplus, and market equilibrium point demand curve to list inan of ft tw lis determinants of the supply curve to shift outward.

Answer 1

Phrie Page No. uplus marbt ebfum Point Be9o Danand 50 Quartning 20 3Cb) Dtominrats that shift domand uave Outuoarrdl: mlome e of dubctite ael the prie af omplamantny tho Ch Decrace im Catectafn about pria to in reace the CN fatuce De sesmunnts that chitt supply (Dnerease CDFall in YTechno loye imprrerint Expectatn aune ataor of Arms input's brie ued in tdutr tho about pre to dlacrease fature the muan N