- H... SenecaOnTheHub Seneca Libraries On... S ITS Reading 1 4 122% Question 1 (11 marks): Suppose that in a recent market period, the following relationship existed between the price of tablet devices and the quantity supplied and quantity demanded: Quantity Demanded Quantity Supplied Price (millions) (millions) $330 100 40 $340 90 60 $350 80 80 $360 70 100 $370 60 120 Graph the supply and demand curves for tablet devices using the information in the table. Clearly mark the equilibrium price and quantity in a correctly labelled diagram. (2 marks) Activate Windows Go to Settings to activate Windows. Show all122% * Be sure to identify and label the entire diagram and market equilibrium on the diagram clearly. Activate Windows Go to Settings to activate Windows Show allis $340. (2 marks) (b) In your own words, and using the correct terminology, explain what is happening if the industry price (c_) Using your own words, explain how the market will adjust. (2 marks) (d) Describe one events that will cause each of the following to occur (2 marks): Activate Windows Go to Settings to activate Windows. WhatsApp Image..jpeg Show all 7:09 PM ENG 10/6/2021. . . (d) Describe one events that will cause each of the following to occur (2 marks): . Demand to decrease 1. 2. . Supply to increase 1. 2. *Be sure that you select an event that is unique and carefully explain how this event will cause the effect you are being asked to create. Activate Windows Go to Settings to activate Windows. App Image...jpeg Show all X