II. Graphing Exercise. Provided with the following demand and supply schedule, plot a line graph showing the following: a. The demand and supply curve b. Area of surplus c. area of shortage d. equilibrium point Supply and demand for beef Price/kg 320 Supply in kg. Demand in kg. 100 900 340 300 700 360 500 500 380 700 300 400 900 100

II. Graphing Exercise. Provided with the following demand and supply schedule, plot a line graph showing the following: a. The demand and supply curve b. Area of surplus c. area of shortage d. equilibrium point Supply and demand for beef Price/kg 320 Supply in kg. Demand in kg. 100 900 340 300 700 360 500 500 380 700 300 400 900 100

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 8PA

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