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On the following graph, plot the demand for shoes using the blue point (circle symbol). Next, plot the supply of shoes using the orange point (s symbol). Finally, use the black point (plus symbol) to indicate the equilibrium price and quantity in the market for shoes. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 120 100 Demand ロ 80 Supply Equilibrium P RICE (Dollars per pair of shoes)

On the following graph, plot the demand for shoes using the blue point (circle symbol). Next, plot the supply of shoes using the orange point (s symbol). Finally, use the black point (plus symbol) to indicate the equilibrium price and quantity in the market for shoes. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 120 100 Demand ロ 80 Supply Equilibrium P RICE (Dollars per pair of shoes)

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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Please make it as clear as possible this is my third time having to send this question :(
On the following graph, plot the demand for shoes using the blue point (circle symbol). Next, plot the supply of shoes using the orange point (square symbol). Finally, use the black paint (plus symbol) to indicate the equilibrium price and quantity in the market for shoes. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 120 100 Demand Supply Equilibrium 400 800 1200 1600 2000 2400 QUANTITY (Pairs of shoes) P RICE (Dollars per pair of shoes)
Transcribed Image Text:On the following graph, plot the demand for shoes using the blue point (circle symbol). Next, plot the supply of shoes using the orange point (square symbol). Finally, use the black paint (plus symbol) to indicate the equilibrium price and quantity in the market for shoes. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 120 100 Demand Supply Equilibrium 400 800 1200 1600 2000 2400 QUANTITY (Pairs of shoes) P RICE (Dollars per pair of shoes)
10. Market equilibrium The following table shows the annual demand and supply in the market for shoes in Houston. Price Quantity Supplied (Pairs of shoes) Quantity Demanded (Dollars per pair of shoes) (Pairs of shoes) 20 2,000 200 40 1,600 600 60 1,200 80 80 800 1,200 100 400 1,800 On the following graph, plot the demand for shoes using the blue point (circle symbol). Next, plot the supply of shoes using the orange point (square symbol). Finally, use the black point (plus symbol) to indicate the equilibrium price and guantity in the market for shoes. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 120 100 Demand Supply er pair of shoes)
Transcribed Image Text:10. Market equilibrium The following table shows the annual demand and supply in the market for shoes in Houston. Price Quantity Supplied (Pairs of shoes) Quantity Demanded (Dollars per pair of shoes) (Pairs of shoes) 20 2,000 200 40 1,600 600 60 1,200 80 80 800 1,200 100 400 1,800 On the following graph, plot the demand for shoes using the blue point (circle symbol). Next, plot the supply of shoes using the orange point (square symbol). Finally, use the black point (plus symbol) to indicate the equilibrium price and guantity in the market for shoes. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 120 100 Demand Supply er pair of shoes)
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