Suppose the supply and demand schedules for bicycles are as they appear in the following table Price Quantity Demanded per year (millions) Quantity Supplied per Year (millions) $170 43 27 210 39 31 250 35 35 300 31 39 330 27 43 370 23 47 a. plot the demand and supply curve and label the equilibrium (E) equilibrium price (EP) and equilibrium quantity (EQ)

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Suppose the supply and demand schedules for bicycles are as they appear in the following table

Price

Quantity Demanded per year (millions)

Quantity Supplied per Year (millions)

$170

43

27

210

39

31

250

35

35

300

31

39

330

27

43

370

23

47

a. plot the demand and supply curve and label the equilibrium (E) equilibrium price (EP) and equilibrium quantity (EQ)

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