Demand Schedule Supply Schedule P Q P Q 10 30 10 80 9 35 9 74 8 40 8 68 7 45 7 62 6 50 6 56 5 55 5 50 4 60 4 44 3 65 3 38 2 70 2 32 1 75 1 26 1. Graph the demand and supply schedules (above). What are the (approximate) Price and Quantity in this market?
Demand Schedule Supply Schedule P Q P Q 10 30 10 80 9 35 9 74 8 40 8 68 7 45 7 62 6 50 6 56 5 55 5 50 4 60 4 44 3 65 3 38 2 70 2 32 1 75 1 26 1. Graph the demand and supply schedules (above). What are the (approximate) Price and Quantity in this market?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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P Q P Q
10 30 10 80
9 35 9 74
8 40 8 68
7 45 7 62
6 50 6 56
5 55 5 50
4 60 4 44
3 65 3 38
2 70 2 32
1 75 1 26
1. Graph the demand and supply schedules (above). What are the (approximate)
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