21. Correctly label the x-axIS and y-axis with the terms pice and quantity. 22 Assign values for price and quantity along each axis. Consider the numbers in your data table and the Size of your graph For example, you may want to label price in increments of 25. 23. Create a title for your graph by choosing a good or service for the data to represent. 24. Usıng the data table below, plot a supply curve and label the curve "S." 25. Add a curve to your graph that represents a DECREASE in supply Label the new curve "Sl" 26. Add another curve to your graph that represents an INCREASE in supply Label the new curve "S2." Price Quantity (in whole dollars) 10 600 15 1200 20 2100 25 3000 30 3900 35 5400 40 7200 45 9000 50 10800

21. Correctly label the x-axIS and y-axis with the terms pice and quantity. 22 Assign values for price and quantity along each axis. Consider the numbers in your data table and the Size of your graph For example, you may want to label price in increments of 25. 23. Create a title for your graph by choosing a good or service for the data to represent. 24. Usıng the data table below, plot a supply curve and label the curve "S." 25. Add a curve to your graph that represents a DECREASE in supply Label the new curve "Sl" 26. Add another curve to your graph that represents an INCREASE in supply Label the new curve "S2." Price Quantity (in whole dollars) 10 600 15 1200 20 2100 25 3000 30 3900 35 5400 40 7200 45 9000 50 10800

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 53P: Table 3.8 shows information on the demand and supply for bicycles, where the quantities of bicycles...

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