PRICE (Dollars per pair) 70 63 56 49 42 35 Supply berand 014 28 42 56 70 84 50 112 126 140 QUANTITY (Thousands of pairs of jeans) Graph Input Tool Market for Jeans Price (Dollars per pair) Quantity Demanded (Thousands of pairs) Surplus (Thousands of pairs) Demand Shifter Price of Khakis (Dollars per pair) 49.00 42 56 30.00 Quantity Supplied (Thousands of pairs) Shortage (Thousands of pairs) Supply Shifter Price of Denim (Dollars per cubic foot) 7 00

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Reset the graph to the initial state. Then, for each action described in the following table, indicate which elements on the graph (f 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)
Entering 37.00 into the Price of
Khakes field
Entering 10,50 into the Price of
Denum field
Entering 63.00 into the
Price field
Demand
Curve
D
D
0
Supply
Curve
D
D
0
Green
Line
GD
8
0
Quantity
Demanded
0
0
0
Quantity
Supplied
a
0
Surplus Shortage
D
0
D
0
D
B
Transcribed Image Text:Reset the graph to the initial state. Then, for each action described in the following table, indicate which elements on the graph (f 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) Entering 37.00 into the Price of Khakes field Entering 10,50 into the Price of Denum field Entering 63.00 into the Price field Demand Curve D D 0 Supply Curve D D 0 Green Line GD 8 0 Quantity Demanded 0 0 0 Quantity Supplied a 0 Surplus Shortage D 0 D 0 D B
PRICE (Dollars per pair)
70
63
56
49
42
35
14
0
Supply
berand
0
14 28 42 56 70 84 50 112 126 140
QUANTITY (Thousands of pairs of jeans)
Graph Input Tool
Market for Jeans
Price
(Dollars per pair)
Quantity
Demanded
(Thousands of pairs)
Surplus
(Thousands of pairs)
Demand Shifter
Price of Khakis
(Dollars per pair)
49.00
42
56
30.00
Quantity Supplied
(Thousands of pairs)
Shortage
(Thousands of pairs)
Supply Shifter
Price of Denim
(Dollars per cubic
foot)
98
7:00
Transcribed Image Text:PRICE (Dollars per pair) 70 63 56 49 42 35 14 0 Supply berand 0 14 28 42 56 70 84 50 112 126 140 QUANTITY (Thousands of pairs of jeans) Graph Input Tool Market for Jeans Price (Dollars per pair) Quantity Demanded (Thousands of pairs) Surplus (Thousands of pairs) Demand Shifter Price of Khakis (Dollars per pair) 49.00 42 56 30.00 Quantity Supplied (Thousands of pairs) Shortage (Thousands of pairs) Supply Shifter Price of Denim (Dollars per cubic foot) 98 7:00
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