Use the above schedule to draw a demand and supply curve on the same axis and label it.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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ACTIVITY 3
EQUILIBRIUM
Study the following schedule for PANCAKES and answer the questions that follow.
MARKET DEMAND AND SUPPLY SCHEDULE FOR PANCAKES
PRICE
(R)
QUANTITY
DEMANDED
QUANTITY
SUPPLIED
10
850
150
650
250
20
450
450
25
250
650
30
150
850
1. Use the above schedule to draw a demand and supply curve on the same axis and
label it.
Transcribed Image Text:ACTIVITY 3 EQUILIBRIUM Study the following schedule for PANCAKES and answer the questions that follow. MARKET DEMAND AND SUPPLY SCHEDULE FOR PANCAKES PRICE (R) QUANTITY DEMANDED QUANTITY SUPPLIED 10 850 150 650 250 20 450 450 25 250 650 30 150 850 1. Use the above schedule to draw a demand and supply curve on the same axis and label it.
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