graphingSDandQs Price per Iphone4s($) Quantity Demanded ...
Price per Iphone4s($)
Quantity Demanded
Quantity Supplied
600
50
600
500
100
450
400
150
350
300
250
250
200
500
100
Plot the Iphone4s schedule on the graph paper below. Label the graph correctly with Price, Quantity Exchanged, “D” for demand curve, “S” for supply curve and * for Equilibrium price. Then answer the questions.
What is the equilibrium price and quantity? ___________________ What would be a reason for the demand curve to shift to the right?(TIPSE)____________________ _______________________________ _______________________________ _____ Left?___________________________ _______________________________ ______________________________ What would be a reason for the supply curve to shift to the right?(GENTIL)___________________ _______________________________ _______________________________ _______ Left?___________________________ _______________________________ _______________________________ Based on the graph, which statement describes the situation at equilibrium price? (a) quantity demanded and quantity supplied are equal. (b) quantity demanded is at its greatest amount. (c) quantity demanded is greater than quantity supplied. (d) quantity supplied is at its greatest amount.
graphingSDandQs
Quantity Demanded
Quantity Supplied
600
50
600
500
100
450
400
150
350
300
250
250
200
500
100
Plot the Iphone4s schedule on the graph paper below. Label the graph correctly with Price, Quantity Exchanged, “D” for demand curve, “S” for supply curve and * for Equilibrium price. Then answer the questions.
What is the equilibrium price and quantity? ___________________ What would be a reason for the demand curve to shift to the right?(TIPSE)____________________ _______________________________ _______________________________ _____ Left?___________________________ _______________________________ ______________________________ What would be a reason for the supply curve to shift to the right?(GENTIL)___________________ _______________________________ _______________________________ _______ Left?___________________________ _______________________________ _______________________________ Based on the graph, which statement describes the situation at equilibrium price? (a) quantity demanded and quantity supplied are equal. (b) quantity demanded is at its greatest amount. (c) quantity demanded is greater than quantity supplied. (d) quantity supplied is at its greatest amount.
graphingSDandQs
