1. SUPPLY and DEMAND Use the graphing calculator to answer the following questions and enter your answers on so Desmos. When Walmart sells bananas, there is a demand for 10,000 pounds and a supply of 7000 pour are priced at 45 cents per pound. When they are priced at 55 cents per pound, the demand is and the supply is 10,000 pounds. a. Screen 2: Fill out a table on line 1 for demand and another table on line 3 for supply. U calculator to determine the regression lines. b. What is the demand equation? c. What is the supply equation? d. What is the point of intersection? What is the word given to that point?

1. SUPPLY and DEMAND Use the graphing calculator to answer the following questions and enter your answers on so Desmos. When Walmart sells bananas, there is a demand for 10,000 pounds and a supply of 7000 pour are priced at 45 cents per pound. When they are priced at 55 cents per pound, the demand is and the supply is 10,000 pounds. a. Screen 2: Fill out a table on line 1 for demand and another table on line 3 for supply. U calculator to determine the regression lines. b. What is the demand equation? c. What is the supply equation? d. What is the point of intersection? What is the word given to that point?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter3: Demand And Supply

Section: Chapter Questions

Problem 3SCQ: In an analysis of the market for paint, an economist discovers the facts listed below. State whether...

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