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Directions: Plot the following hypothetical demand schedule of Corn and supply schedule of Wheat and the supply and demand schedule of Rice in the market
Directions: Plot the following hypothetical demand schedule of Corn and supply schedule of Wheat and the supply and demand schedule of Rice in the market in a piece of paper or bond and briefly explain your graph. Please be guided by the rubrics below. Price of Corn (Per Sack-50 Kilos] Quantity Demanded (In Sack) Php 1,550.00 30 1,420.00 40 1,100.00 50 850.00 60 Page 9 of 11 Accountancy, Business, and Management 670.00 70 430.00 80Price of Wheat (Per Sack-50 Kilos) Quantity Supplied (In Sack) P 1,250.00 120 1,000.00 100 960.00 80 745.00 70 610.00 60 450.00 40 Quantity Demanded Price Quantity Supplied (Per Sack of Rice - 50 (Peso) (Per Sack of Rice - 50 Kilos) Kilos) 150 P 1,300.00 800 300 1,250.00 750 350 1,200.00 650 600 1,150.00 600 800 1,100.00 450 1000 1,050.00 400 Reference: Applied Economics by Rosemarie P. Dinio, PAD, George A. Villas
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