Work on your own. Using the information supplied in the following table, construct an equilibrium graph. Demand and supply of chocolate bars Quantity demanded Quantity supplied Price R0,50 000 000 000 € 000 > 000 v R 1,50 R 2,00 R 2,50 000 9 000 9 000 L 000 6 000 LL 000 000 000 0 R 3,00 R 3,50

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Demand and supply of chocolate bars
(spuey ui) aɔu.
Activity 7 Construct a market equilibrium graph
Work on your own.
Using the information supplied in the following table, construct an
equilibrium graph.
Demand and supply of chocolate bars
Quantity demaHded
Quantity supplied
00 0 0
000 L
000 9
R0,50
R 1,00
R 1,50
R 2,00
R 2,50
R 3,00
R 3,50
000 I
000 €
000
000 S
000 0
000 L
000 v
000
000
000 6
000 LL
Activity 8
Construct a market equilibrium graph
Work on your own.
1.
Use the information supplied in the table below to construct an
equilibrium graph.
2.
Explain the conditions at E.
Demand and supply of umbrellas
Quantity supplied
Price Quantity demanded
000 €
R 5,00
R 10,00
R 15,00
R 20,00
R 25,00
R 30,00
R 35,00
000 LL
000
00 0 0
000 L
000 6
000 OL
000 6
000 L
000 9
000 LL
000 €
000
000 L
Activity
Interpret a graph
Graph showing the market conditions for bananas
4.
3.5-
3.
용 2.5-
1.5-
0.5 에
500 1000 1500 2000 2500 3000 3500 4000 4500 5000 5500 6000 6500
Quantity
Unit 2 Price theory
Transcribed Image Text:(spuey ui) aɔu. Activity 7 Construct a market equilibrium graph Work on your own. Using the information supplied in the following table, construct an equilibrium graph. Demand and supply of chocolate bars Quantity demaHded Quantity supplied 00 0 0 000 L 000 9 R0,50 R 1,00 R 1,50 R 2,00 R 2,50 R 3,00 R 3,50 000 I 000 € 000 000 S 000 0 000 L 000 v 000 000 000 6 000 LL Activity 8 Construct a market equilibrium graph Work on your own. 1. Use the information supplied in the table below to construct an equilibrium graph. 2. Explain the conditions at E. Demand and supply of umbrellas Quantity supplied Price Quantity demanded 000 € R 5,00 R 10,00 R 15,00 R 20,00 R 25,00 R 30,00 R 35,00 000 LL 000 00 0 0 000 L 000 6 000 OL 000 6 000 L 000 9 000 LL 000 € 000 000 L Activity Interpret a graph Graph showing the market conditions for bananas 4. 3.5- 3. 용 2.5- 1.5- 0.5 에 500 1000 1500 2000 2500 3000 3500 4000 4500 5000 5500 6000 6500 Quantity Unit 2 Price theory
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