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The following table shows the weekly demand and supply in the market for orange juice in Houston. Price Quantity Demanded Quantity Supplied (Dollars per gallon

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The following table shows the weekly demand and supply in the market for orange juice in Houston. Price Quantity Demanded Quantity Supplied (Dollars per gallon of orange juice) (Gallons of orange juice) (Gallons of orange juice) 500 50 2 4 400 150 6 300 200 8 200 300 10 100 450 On the following graph plot the demand for orange juice using the blue point (circle symbol). Next, plot the supply of orange juice using the orange point (square symbol). Finally, use the black point (plus symbol) to indicate the equilibrium price and quantity in the market for orange juice. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 12 Demand 16 O Supply + PRCE (Docars per gaion of orange juice Equilibrium here 2 0 600 0 100 200 300 400 500 QUANTITY (Galions of orange juice)

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