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Explain supply and demand graphing

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Reference no: EM13836827

1. For each problem, only draw the curve(s) specified. If you are only asked to draw a demand curve, just draw a demand curve and DO NOT put a supply curve in the graph. If you are asked to draw both a supply and demand curve, you will need to draw both curves. Since this is a graphing assignment, you can draw your graphs and write your labels. Typing your answers is not required.

2. For correct labeling and graphing, refer to the file posted on ANGEL titled "Supply and Demand Graphing" in the "Supplements" folder. In addition, refer to your notes for some helpful examples.

3. Draw your graphs neatly! Take your time to make your graphs clear and your writing legible. As such, you may want to practice or do a "first-draft" of your graphs on another sheet of paper before drawing your graphs that you will turn in for your assignment. Note that it may be helpful on some graphs to use multiple colors. It may make it easier for you to see everything.

4. Each graph is worth 2 points, and question #7 is worth 4 points. Drawing arrows in the wrong direction or mislabeling will result in only earning partial credit.

Reference no: EM13836827

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