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Draw a demand–supply graph and label the axes with the price and quantity of khaki pants. Next, for each scenario, draw the appropriate demand–supply curve. Compare the new demand curve or supply curve by drawing it on the same graph.
Use (free) online graphing software to create your graphs. There will probably be instructions available on the website to learn how to create and manipulate the graph. Alternatively, you may hand-draw the graphs and scan them in to a Word document.
Use a different colour for each scenario.
Save the graphs to your computer as .jpg files or Word documents.
Copy and paste the .jpg files into the assignment document that you deliver to your instructor.
Clearly identify your finished graphs.
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