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the questions are togethers Question 1 ( 5 marks) We are examining the market for T-shirts in Toronto. Given below are the demand schedule and
the questions are togethers
Question 1 ( 5 marks) We are examining the market for T-shirts in Toronto. Given below are the demand schedule and supply schedule for this product for one year. Accurately graph the demand and supply curves on one graph and determine equillbrium in this market. Label the graph and axises properly. State where equilibrium is (both price and. quantity), don't just point to it on the graph. Make sure you have the price and quantity demanded on the correct axis. (4 marks for accurate graph and 1 mark for equilibrium) Question 1 ( 5 marks) We are examining the narket los T Tehirts in Toronto. Glven below are the demand schedwe and supply schedule for this product for one year, Acouritiely graph the demand and supply curves on one graph and determine equitilium in this mancet. Label the graph and axises properfy. Slate where equilibrium is (boilf pice and. guantizy, don't just point to it on the graph. Make sure you tuves the pioce and qobintity demanded on the correct axis. (4 marks for accurate graph and 1 mark for equilibrlum) Question 2 (4 marks) Pronde an geeanal earpite, not one toon the toutbock or the nitienet (2 marks) b. Nime and oxplan two tadors that would stin supply for the produs ticm Question 1 Provide an aigicat example, not one trom the texibock or the internot (2 marks) Question 3 (3 marks) correcty lisbelod grapt. You do not need to invent numbers that make sure I krow what. 1 mark for correct graph, 1 mark for conrect change, 1 mark for identifying new E Step by Step Solution
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