The following table shows the annual demand and supply in the market for shorts in San Diego. Price Quantity Demanded (Palrs of shorts) Quantity Supplied (Dollars per pair of shorts) (Pairs of shorts) 1,650 300 12 1,350 600 18 1,200 750 24 900 1,350 30 750 1,800 On the followirng 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.

The following table shows the annual demand and supply in the market for shorts in San Diego. Price Quantity Demanded (Palrs of shorts) Quantity Supplied (Dollars per pair of shorts) (Pairs of shorts) 1,650 300 12 1,350 600 18 1,200 750 24 900 1,350 30 750 1,800 On the followirng 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.

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 it’s basically asking me to look at the plots of the grid?

The following table shows the annual demand and supply in the market for shorts in San Diego.
Price
Quantity Demanded
(Palrs of shorts)
Quantity Supplied
(Dollars per pair of shorts)
(Pairs of shorts)
1,650
300
12
1,350
600
18
1,200
750
24
900
1,350
30
750
1,800
On the followirng 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.

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