Price 8 7 6 5 IX 4 3 2 330 550 1 0 110 220 440 660 Quantity per month 770 880 D S -(935, 0.5 990 Tools D2 O S2 e Suppose that in December the demand of mandarin oranges increases by 275 while the supply increases by 110. a) Draw the new curves D2 and S2 in graph above. Plot only the endpoints of the curve above and position those points on the edges of the graphing area.

Price 8 7 6 5 IX 4 3 2 330 550 1 0 110 220 440 660 Quantity per month 770 880 D S -(935, 0.5 990 Tools D2 O S2 e Suppose that in December the demand of mandarin oranges increases by 275 while the supply increases by 110. a) Draw the new curves D2 and S2 in graph above. Plot only the endpoints of the curve above and position those points on the edges of the graphing area.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Price
8
7
6
5
4
3
2
1
110
220
330
440
550
660
Quantity per month
770
880
D
-(935, 0.5
990
Tools
D₂
2
S2
с
Suppose that in December the demand of mandarin oranges increases by 275 while the supply increases by 110.
a) Draw the new curves D2 and S2 in graph above. Plot only the endpoints of the curve above and position those points on the edges
of the graphing area.

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