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Graph the Supply and Demand equations and label all important points Graph 1. Consider the following market for a crop: Demand Qd=a-bp=18-.5P, Supply Qs=c+dp=-2+.5p 2

Graph the Supply and Demand equations and label all important points

Graph

1. Consider the following market for a crop: Demand Qd=a-bp=18-.5P, Supply Qs=c+dp=-2+.5p

2 Suppose that the crop is larger and supply is now Qs=4+.5pAdd the new curve to your graph and label all important points.

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