Part III: Changes in Equilibrium (Supply Curve Changes) Cups of Coffee $6 $5 $4 $3 -Demand $2 -0-Supply $1 Quantity 16. Using the data below, draw a new supply curve on the graph above. Label the new equilibrium El. Price Quantity $1 100 $2 150 $3 200 $4 250 $5 300 000 001

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 17RQ: How can you locate the equilibrium point on a demand and supply graph?
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MICROECONOMICS
Part III: Changes in Equilibrium (Supply Curve Changes)
Cups of Coffee
$6
$5
$4
--Demand
$2
-0-Supply
$1
50
Quantity
16. Using the data below, drawa new supply eurve on the graph above. Label the new equilibrium
El.
Price Quantity
$1
100
$2
150
$3
200
$4
250
$5
300
Price
000
Transcribed Image Text:MICROECONOMICS Part III: Changes in Equilibrium (Supply Curve Changes) Cups of Coffee $6 $5 $4 --Demand $2 -0-Supply $1 50 Quantity 16. Using the data below, drawa new supply eurve on the graph above. Label the new equilibrium El. Price Quantity $1 100 $2 150 $3 200 $4 250 $5 300 Price 000
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