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  • Book 1

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    angel
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    This table shows the relationship between the quantity demanded, quantity supplied, and price of a good. As the price decreases from $6 to $1, the quantity demanded increases from 10 to 60 units while the quantity supplied decreases from 70 to 20 units. The inverse relationship between price and quantity supplied/demanded demonstrates the basic law of supply and demand.

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    Book1

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    This table shows the relationship between the quantity demanded, quantity supplied, and price of a good. As the price decreases from $6 to $1, the quantity demanded increases from 10 to 60 units while the quantity supplied decreases from 70 to 20 units. The inverse relationship between price and quantity supplied/demanded demonstrates the basic law of supply and demand.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views2 pages

    Book 1

    Uploaded by

    angel
    This table shows the relationship between the quantity demanded, quantity supplied, and price of a good. As the price decreases from $6 to $1, the quantity demanded increases from 10 to 60 units while the quantity supplied decreases from 70 to 20 units. The inverse relationship between price and quantity supplied/demanded demonstrates the basic law of supply and demand.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    7

    Quantity 6
    quantity demand Price Supplied Price
    5
    10 6 70 6
    20 5 60 5 4

    Price
    30 4 50 4
    3
    40 3 40 3
    50 2 30 2 2

    60 1 20 1 1

    0
    10 20 30
    7

    4
    Price

    0
    10 20 30 40 50 60 70 80
    Quantity supplied

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