Question
Choose TWO of the following choices to complete. make sure to used example for the graph 1) Comparison Shopping A) Use the website http://www.gasbuddy.com/ to
Choose TWO of the following choices to complete. make sure to used example for the graph
1) Comparison Shopping A) Use the website http://www.gasbuddy.com/ to comparison shop for gas. Graph a minimum of three locations on your fully labeled chart. B) answer the following. Where would choose to buy your gas? What is the price/gallon? Why did you choose to buy there? What is the biggest determinant in the price of gas?
2) Equilibrium Price A) Graph two changes in equilibrium price, one due to a supply shift and one due to a change in demand. Be sure to clearly label completely, including the old and new equilibrium prices. In a minimum of one, explain what caused the changes in equilibrium price.
3) Supply & Demand A) In a minimum of one paragraph, answer the following. What is an example of how demand or supply has affected your everyday life? Include an example of at least one product or service which has seen increased demand or supply and one product or service which has seen decreased demand or supply.
B) Include at least two complete demand or supply graphs/schedules illustrating your findings. Make sure they are completely labeled. You have a choice of the following demand/supply curves: an individual demand/supply curve, a market demand/supply curve, a change in quantity demanded/supplied or a change in demand/supply. Be sure to include a fully labeled schedule to go with your chosen demand curve.
Example of the graph each graph you have to have a productStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started