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Graph 1 (graph your Taco Equilibrium) Graph your individual demand schedule for Tacos. Draw a supply curve (just draw any supply curve). What is the
Graph 1 (graph your Taco Equilibrium)
- Graph your individual demand schedule for Tacos.
- Draw a supply curve (just draw any supply curve).
- What is the equilibrium price and quantity?
Graph 2 (pick increase or decrease in demand)
- What if demand increased, what would happen to Price and Quantity? Graph.
- What if demand decreased, what would happen to Price and Quantity? Graph.
Graph 3 (pick increase or decrease in supply)
- What if supply increased, what would happen to price and quantity? Graph.
- What if supply decreased, what would happen to price and quantity? Graph.
Graph 4 (pick increase/decrease in demand and supply)
- What if both demand and supply, changed, what would happen to price and quantity?
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