Quantity Demanded (Pairs of shorts) Price Quantity Supplied (Pairs of shorts) (Dollars per pair of shorts) 6. 1,650 300 12 1,350 600 18 1,200 750 24 900 1,350 30 750 1,800 On the following graph, plot the demand for shorts using the blue point (circle symbol). Next, plot the supply of shorts using the orange point (square symbol). Finally, use the black point (plus symbol) to indicate the equilibrium price and quantity in the market for shorts. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. Demand 30 Supply 18 Cquilibrium 12 300 600 1200 1500 1800 PRICE (Dollars per par of shorts)

Quantity Demanded (Pairs of shorts) Price Quantity Supplied (Pairs of shorts) (Dollars per pair of shorts) 6. 1,650 300 12 1,350 600 18 1,200 750 24 900 1,350 30 750 1,800 On the following graph, plot the demand for shorts using the blue point (circle symbol). Next, plot the supply of shorts using the orange point (square symbol). Finally, use the black point (plus symbol) to indicate the equilibrium price and quantity in the market for shorts. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. Demand 30 Supply 18 Cquilibrium 12 300 600 1200 1500 1800 PRICE (Dollars per par of shorts)

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

So does that mean I have to plot the points in?

Quantity Demanded
(Pairs of shorts)
Price
Quantity Supplied
(Pairs of shorts)
(Dollars per pair of shorts)
6.
1,650
300
12
1,350
600
18
1,200
750
24
900
1,350
30
750
1,800
On the following graph, plot the demand for shorts using the blue point (circle symbol). Next, plot the supply of shorts using the orange point (square
symbol). Finally, use the black point (plus symbol) to indicate the equilibrium price and quantity in the market for shorts.
Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.
Demand
30
Supply
18
Cquilibrium
12
300
600
1200
1500
1800
PRICE (Dollars per par of shorts)

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