1. Use the line tool Quota to draw a vertical line at a quantity of 2 units. Draw this line so the lower end point touches the horizontal axis (2,0) and the line intersects and extends beyond the demand curve. 2. Use the reference point tool B to identify the new price and quantity at coordinate (2,6) 3. Use the shading tool fill to shade in a triangle area at the points or vertices of (0,8)(2,6) and (0,6)

1. Use the line tool Quota to draw a vertical line at a quantity of 2 units. Draw this line so the lower end point touches the horizontal axis (2,0) and the line intersects and extends beyond the demand curve. 2. Use the reference point tool B to identify the new price and quantity at coordinate (2,6) 3. Use the shading tool fill to shade in a triangle area at the points or vertices of (0,8)(2,6) and (0,6)

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter3: Market Demand And Supply

Section: Chapter Questions

Problem 24SQ

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