Incorrect Price of haircut Macmillan Learning Supply and Demand - End of Chapter Problem In both the United States and France, the demand for haircuts is given by Q = 300 - 10P. However, in the United States, the supply is given by QS = -300+ 20P, while in France, the supply is given by QS = -33.33 +6.67P. a. Please adjust the graphs to depict the demand and supply equations for each country. Market of Haircuts in the United States Market of Haircuts in France 70 70 65 65 60 55 50 45 40 60 55 50 45 35 30 25 Price of haircut 40 35 30 20 Supply 15 10 5 2250 5 15 10 Supply emand mand 0 0 0 50 100 150 200 250 300 350 400 0 50 Quantity of haircuts 100 150 200 250 Quantity of haircuts 300 350 400 Incorrect
Incorrect Price of haircut Macmillan Learning Supply and Demand - End of Chapter Problem In both the United States and France, the demand for haircuts is given by Q = 300 - 10P. However, in the United States, the supply is given by QS = -300+ 20P, while in France, the supply is given by QS = -33.33 +6.67P. a. Please adjust the graphs to depict the demand and supply equations for each country. Market of Haircuts in the United States Market of Haircuts in France 70 70 65 65 60 55 50 45 40 60 55 50 45 35 30 25 Price of haircut 40 35 30 20 Supply 15 10 5 2250 5 15 10 Supply emand mand 0 0 0 50 100 150 200 250 300 350 400 0 50 Quantity of haircuts 100 150 200 250 Quantity of haircuts 300 350 400 Incorrect
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Price of haircut
Macmillan Learning
Supply and Demand - End of Chapter Problem
In both the United States and France, the demand for haircuts is given by Q = 300 - 10P. However, in the United States, the
supply is given by QS = -300+ 20P, while in France, the supply is given by QS = -33.33 +6.67P.
a. Please adjust the graphs to depict the demand and supply equations for each country.
Market of Haircuts in the United States
Market of Haircuts in France
70
70
65
65
60
55
50
45
40
60
55
50
45
35
30
25
Price of haircut
40
35
30
20
Supply
15
10
5
2250 5
15
10
Supply
emand
mand
0
0
0
50
100
150 200 250
300
350
400
0
50
Quantity of haircuts
100 150 200 250
Quantity of haircuts
300
350
400
Incorrect
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