Name : Mark Raniel Antazo Date: 11/03/22

Section: Gr-12 OL of Penafrancia Market Equilibrium

Use the
following
values of P
and Q in
your
analysis of
each graph.
Simply
analyze
each graph
by supplying
the correct
answers for
each blank.
Tally your
answers in
the chart
below.
Graph 1 :Graph 3
P1 = 15 Q1 = 28 P1 = 12 Q1 = 28
P2 = 18 Q2 = 35 P2 = 15 Q2 = 35

Graph 2 Graph 4
P1 = 18 Q1 = 26 P1 = 14 Q1 = 25
P2 = 23 Q2 = 32 P2 = 18 Q2 = 32

Graph 1
The First point of Equilibrium is at P _____, and Q _____, Due to an increase in income , the
demand curve shifts to the _______, indicating an _______ in the demand. The change in
Name : Mark Raniel Antazo Date: 11/03/22
Section: Gr-12 OL of Penafrancia Market Equilibrium

demand creates a condition of _______, which push the ______ up , resulting to an increase in
_______. A new point of equilibrium is established at P _____ and Q ______
Graph 2
The First point of Equilibrium is at P _____, and Q _____, Due to a decrease in income , the
demand curve shifts to the _______, indicating a _______ in demand. The change in demand
creates a condition of _______, which pull the ______ down , resulting to a decrease in
_______. A new point of equilibrium is established at P _____ and Q ______
Graph 3
The First point of Equilibrium is at P _____, and Q _____, Due to good weather the harvest of
palay increases , as illustrated in the shifting of the supply curve to the _______, indicating an
_______ in supply. The change in supply creates a condition of _______, which pull the ______
down , resulting to an increase in _______. A new point of equilibrium is established at P _____
and Q ______
Graph 4
The First point of Equilibrium is at P _____, and Q _____, Due to the effect of typhoon on
agricultural products , the supply curve shifts to the _______, indicating a _______ in supply.
The change in supply creates a condition of _______, which push the ______ up , resulting to a
decrease in _______. A new point of equilibrium is established at P _____ and Q ______

Graph 1 Graph 2 Graph 3 Graph 4

1. 15 1. 18 1. 12 1.14
2. 28 2. 26 2. 28 2. 25
3. right 3. left 3. right 3. left
4. increase 4. decrease 4. increase 4. decrease
5. shortage 5. surplus 5. surplus 5. shortage
6. price 6. price 6. price 6. price
7. supply 7. supply 7. demand 7. demand
8. 18 8. 23 8. 15 8. 18
9. 35 9. 32 9. 35 9. 32