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Exercise 2. Graph Plotting. Plot the following data in a graph in the graphical space provided below and indicate if there is a shortage, surplus or equilibrium. Price Qd Qs Shortages/Surplus P2 4 80 20 40 70 60 60 8 50 80 10 40 100 12 30 120 14 20 140

Exercise 2. Graph Plotting. Plot the following data in a graph in the graphical space provided below and indicate if there is a shortage, surplus or equilibrium. Price Qd Qs Shortages/Surplus P2 4 80 20 40 70 60 60 8 50 80 10 40 100 12 30 120 14 20 140

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Exercise 2. Graph Plotting. Plot the following data in a graph in the graphical space provided below and indicate if there is a shortage, surplus or equilibrium. Price Qd Qs Shortages/Surplus P2 80 20 4 70 40 6 60 60 50 40 30 8 80 10 100 12 120 14 20 140
Transcribed Image Text:Exercise 2. Graph Plotting. Plot the following data in a graph in the graphical space provided below and indicate if there is a shortage, surplus or equilibrium. Price Qd Qs Shortages/Surplus P2 80 20 4 70 40 6 60 60 50 40 30 8 80 10 100 12 120 14 20 140
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