quiz 3

Quizze #3
Supply and Demand, Chapter 4
1) Graph a Demand curve and explain how to draw it with a data base

2) Graph a Supply curve and explain how to draw it with a data base

3) Graph a Supply curve and a Demand curve interacting which is a market

      When there is price equilibrium ?  Define equilibrium.

4) Graph a Market and assume that the price is higher than the price equilibrium.

      How is the difference between Quantity Demanded and Quantity Supplied ?

5) Graph a Market and assume that the price is lower than the price equilibrium.

      How is the difference between Quantity Demanded and Quantity Supplied ?

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