When illustrating the market for electric automobiles, the sup

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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USE TABLE #1:

When illustrating the market for electric automobiles, the supply curve for electric automobiles is labeled _____ and the demand curve for electric automobiles is labeled _____.

Group of answer choices

D; S

S; D

S; Qd

Qs; D

TABLE #1:
The following table shows different points on the linear supply and demand curves for electric automobiles:
Quantity
Supplied
In Units
60
120
180
240
300
360
Price
$0.00
$20,000.00
$40,000.00
$60,000.00
$80,000.00
$100,000.00
$120,000.00
Quantity
Demanded
720
600
480
360
240
120
In Units
Transcribed Image Text:TABLE #1: The following table shows different points on the linear supply and demand curves for electric automobiles: Quantity Supplied In Units 60 120 180 240 300 360 Price $0.00 $20,000.00 $40,000.00 $60,000.00 $80,000.00 $100,000.00 $120,000.00 Quantity Demanded 720 600 480 360 240 120 In Units
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