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a. Given the table below, graph the demand and supply curves for flashlights. Make certain to label the equilibrium price and equilibrium quantity. The graphs
a. | Given the table below, graph the demand and supply curves for flashlights. Make certain to label the equilibrium price and equilibrium quantity. The graphs do not have to be detailed and perfect. Just label the important points on the graph. |
Price | Quantity Demanded Per Month | Quantity Supplied Per Month |
$5 | 6,000 | 10,000 |
$4 | 8,000 | 8,000 |
$3 | 10,000 | 6,000 |
$2 | 12,000 | 4,000 |
$1 | 14,000 | 2,000 |
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