Question 1

Demand Problem Set

Imagine that a company is interested in the pairs of pants a consumer will buy in the next 10 years. Assuming all things constant graph the following points based on the Demand schedule below:

Price	Qd	Points
$200	200	A
$180	500	B
$160	800	C
$140	1,100	D
$120	1,400	E
$100	1,700	F
$80	2,000	G

A) Develop your demand curve. B) Plot all the points according to the graph. B) Label the X and Y axis accordingly.

Question 2

Supply Problem Set

Walmart is interested in analyzing how many of their used cellphones they will sell by next year. Assuming all things constant graph the following points based on the Supply schedule below:

Price	Qs	Points
$1,400	3,200	A
$1,200	2,800	B
$1,000	2,400	C
$ 800	2,000	D
$ 600	1,600	E
$ 400	1,200	F
$ 200	800	G

A) Develop your supply curve. B) Plot all the points according to the graph. B) Label the X and Y axis accordingly.

Question 3

Demand and Supply Problem Set

Given the following conditions for the market of bubblegum based on the table below answer the following questions:

Price	Qd	Qs
$1.60	9,000	5,000
$2.00	8,500	5,500
$2.40	8,000	6,400
$2.80	7,500	7,500
$3.20	7,000	9,000
$3.60	6,500	11,000
$4.00	6,000	15,000

A) Develop your demand and supply curve on the same graph. B) Label the X and Y axis accordingly. C) Find the price and quantity equilibrium.