Shortage & Surplus Practice
Use the table below to answer the following questions.
QD
(Quantity Demanded)
Price
$1
$2
$3
$4
$5
10
8
6
4
2
Q₁
(Quantity Supplied)
2
4
6
8
10
1. (12 pts.) On ONE graph, using the schedules above, plot each point and then connect the dots
to graph the supply and demand curves.