The following graph shows the market for cars in 2015. Between 2015 and 2016, the equilibrium price of cars remained constant, but the equilibrium quantity of cars increased. From this, you can conclude that between 2015 and 2016, the supply of cars, and the demand for cars Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in 2016. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try t to its original position, just drag it a little farther PRICE (Dollars per car QUANTITY (Cars) Supp Demand Supply have a curve and it snaps back
The following graph shows the market for cars in 2015. Between 2015 and 2016, the equilibrium price of cars remained constant, but the equilibrium quantity of cars increased. From this, you can conclude that between 2015 and 2016, the supply of cars, and the demand for cars Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in 2016. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try t to its original position, just drag it a little farther PRICE (Dollars per car QUANTITY (Cars) Supp Demand Supply have a curve and it snaps back
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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12. A supply and demand puzzle
The following graph shows the market for cars in 2015. Between 2015 and 2016, the equilibrium price of cars remained constant, but the equilibrium
quantity of cars increased. From this, you can conclude that between 2015 and 2016, the supply of cars
and the demand for
Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in 2016.
Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back
to its original position, just drag it a little farther
PRICE (Dollars per car
QUANTITY (Cars)
Supply
Demand
20
999
000
F4
Demand
10
Supply
MacBook Air"
Transcribed Image Text:esc
12. A supply and demand puzzle
The following graph shows the market for cars in 2015. Between 2015 and 2016, the equilibrium price of cars remained constant, but the equilibrium
quantity of cars increased. From this, you can conclude that between 2015 and 2016, the supply of cars
and the demand for
Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in 2016.
Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back
to its original position, just drag it a little farther
PRICE (Dollars per car
QUANTITY (Cars)
Supply
Demand
20
999
000
F4
Demand
10
Supply
MacBook Air
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