based on the table how would you graph? Based on the preceding table, plot the demand for ice cream on the following graph using the blue points (circle symbol). Next, plot the supply of icecream using the orange points (square symbol). Finally, use the black point (cross symbol) to indicate the equilibrium price and quantity in the marketfor ice cream.2420DemandSupply12EquilibriumPRICE (Dollars per gallon of ice cream) 9. Market equilibriumThe following table shows the annual demand and supply in the market for ice cream in San Diego.PriceQuantity DemandedQuantity Supplied(Dollars per gallon of ice cream) (Gallons of ice cream) (Gallons of ice cream)42,00020081,600600121,200800168001,200204001,800

Equilibrium is attained in the market at the point where the demand curve and the supply curve…

Answered: based on the table how would you graph?

Business

Economics

based on the table how would you graph?

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter4: Supply And Demand: An Initial Look

Section: Chapter Questions

Problem 2TY

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