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Problem #2 Suppose the Demand schedule of Rice was been revised during February 2021. Graph the schedule of rice during January and February in a 2-dimensional cartesian coordinate plane and determine the shift of the demand curve for rice. Table 4.1.5 Demand Schedule for Rice Table 4.1.6 Demand Schedule for Rice During January 2021 Quantity Demanded (kg) 11 kg 17 kg 28 kg 35 kg 43 kg During February 2021 Quantity Demanded (kg) 4 kg 6 kg 8 kg 15 kg 23 kg Point Price (Peso) Point Price (Peso) P123.50 P104.00 B P114.50 B PI01.00 C P98.00 P98.00 D P87.50 P87.50 E P75.50 P75.50

Problem #2 Suppose the Demand schedule of Rice was been revised during February 2021. Graph the schedule of rice during January and February in a 2-dimensional cartesian coordinate plane and determine the shift of the demand curve for rice. Table 4.1.5 Demand Schedule for Rice Table 4.1.6 Demand Schedule for Rice During January 2021 Quantity Demanded (kg) 11 kg 17 kg 28 kg 35 kg 43 kg During February 2021 Quantity Demanded (kg) 4 kg 6 kg 8 kg 15 kg 23 kg Point Price (Peso) Point Price (Peso) P123.50 P104.00 B P114.50 B PI01.00 C P98.00 P98.00 D P87.50 P87.50 E P75.50 P75.50

Brief Principles of Macroeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
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Problem #2 Suppose the Demand schedule of Rice was been revised during February 2021. Graph the schedule of rice during January and February in a 2-dimensional cartesian coordinate plane and determine the shift of the demand curve for rice. Table 4.1.5 Demand Schedule for Rice Table 4.1.6 Demand Schedule for Rice During January 2021 Quantity Demanded (kg) 11 kg 17 kg 28 kg 35 kg 43 kg During February 2021 Quantity Demanded (kg) 4 kg 6 kg 8 kg 15 kg 23 kg Point Price (Peso) Point Price (Peso) A P123.50 P104.00 P114.50 P101.00 C P98.00 P98.00 P87.50 P87.50 P75.50 P75.50
Transcribed Image Text:Problem #2 Suppose the Demand schedule of Rice was been revised during February 2021. Graph the schedule of rice during January and February in a 2-dimensional cartesian coordinate plane and determine the shift of the demand curve for rice. Table 4.1.5 Demand Schedule for Rice Table 4.1.6 Demand Schedule for Rice During January 2021 Quantity Demanded (kg) 11 kg 17 kg 28 kg 35 kg 43 kg During February 2021 Quantity Demanded (kg) 4 kg 6 kg 8 kg 15 kg 23 kg Point Price (Peso) Point Price (Peso) A P123.50 P104.00 P114.50 P101.00 C P98.00 P98.00 P87.50 P87.50 P75.50 P75.50
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