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Name: Total: 135 SUPPLY, DEMAND AND MARKET PRICE A. Graphing Demand and Supply Curves 1. On the graph below, plot the supply and demand curves

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Name: Total: 135 SUPPLY, DEMAND AND MARKET PRICE A. Graphing Demand and Supply Curves 1. On the graph below, plot the supply and demand curves for barrels of corn based on the following data: (6 marks) Price per barrel Quantity Demanded Quantity Supplied (number of barrels) (number of barrels) 50 425 25 -75 350 80 1.00 295 135 1.25 250 175 1.50 215 215 1.75 170 240 2.00 115 275 2.25 70 310 2.50 45 325 D:\\401245232.doc Page 1 of 4

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