Question
Worksheet 9.2: Graphing QuotasPeanuts! Draw a correctly labeled graph that shows a hypothetical supply and demand curve for the peanut market in the US. 1.
Worksheet 9.2: Graphing QuotasPeanuts!
Draw a correctly labeled graph that shows a hypothetical supply and demand curve for the peanut market in the US. 1. Show the equilibrium at $50 and 100 tons of peanut.
2. Illustrate the line that would show a quota of 150 tons of peanuts. What effect would this
have in the market?
3. Draw the line that would show a quota of 50 tons of peanuts. What do we call the area that is
created by this quota?
4. With a quota of 50 tons of peanuts, would the demand price be higher or lower than
Equilibrium?
5. With a quota of 150 tons, would the supply price be higher or lower than equilibrium?
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul A. Copley
10th Edition
007352705X, 978-0073527055
