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GRAPHICAL ILLUSTRATION (Graph and Explanation) TABLE 1 Graph the given table below and explain how the Law of Demand works. DEMAND SCHEDULE FOR PORK PRICE

GRAPHICAL ILLUSTRATION (Graph and Explanation)

TABLE 1

Graph the given table below and explain how the Law of Demand works.

DEMAND SCHEDULE FOR PORK

PRICE PER UNIT

(IN PESOS)

QUANTITY DEMANDED

(IN KG., THOUSAND)

160 20
150 30
140 40
130 50
120 60
110 70
100 80
90 90
80 100

TABLE 2

Graph the data given in the table below and explain how the Law of Supply works.

SUPPLY SCHEDULE FOR TOMATOES

PICE PER UNIT

(IN PESOS)

QUANTITY SUPPLIED

(IN KG., THOUSANDS)

15 500
20 600
25 700
30 800
35 900
40 1000
45 1100
50 1200
55 1300
60 1400

TABLE 3

Graph the given table below to show the equilibrium between demand and supply. Explain the price equilibrium below the graph.

SUPPLY AND DEMAND SCHEDULE FOR RICE

PRICE PER KILOGRAM

(IN PESOS)

QUANTITY SUPPLIED

(IN KILOGRAMS)

THOUSANDS

QUANTITY DEMANDED

(IN KILOGRAMS)

THOUSANDS

16 20 120
18 30 110
20 40 100
22 50 90
24 60 80
26 70 70
28 80 60
30 90 50
32 100 40
34 110 30
36 120 20

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