PRICE (Dollars per pair) 60 54 48 36 30 24 18 12 6 0 X Supply 0 18 36 54 72 90 108 126 144 162 180 QUANTITY (Thousands of pairs of loafers) Entering 38.00 into the Price of Sneakers field Demand Entering 6.00 into the Price field Entering 3.00 into the Price of Leather field Demand Curve 0 0 0 0 Graph Input Tool Market for Loafers Price (Dollars per pair) Supply Curve 0 0 Quantity Demanded (Thousands of pairs) Surplus (Thousands of pairs) Demand Shifter Price of Sneakers (Dollars per pair) Green Line Reset the graph to the initial state. Then, for each action described in the following table, indicate which elements on the graph (if any) are affected. Check all that apply. (Note: After changing the value in each field, be sure to again refresh back to the initial value before proceeding to the next row in the table.) 0 0 12.00 n 144 0 50.00 000 Quantity Demanded Quantity Supplied. (Thousands of pairs) Shortage (Thousands of pairs) Supply Shifter Price of Leather (Dollars per pound) Quantity Supplied 0 0 0 ? 36 108 6.00 0 0 Surplus Shortage 0

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