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  • SEATWORK+#5 and #6

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    wanwandelacruz16
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    The document contains instructions and data for plotting a market equilibrium curve showing price (P) and quantity (Q) relationships. It asks the student to: 1) Plot the price and quantity data on the market equilibrium curve 2) Identify the equilibrium point as the intersection of the supply and demand curves 3) Interpret what the equilibrium curve represents It then provides a second activity to complete a market schedule using given demand and supply functions and draw the equilibrium curve.

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    You may use this for equilibrium.

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    The document contains instructions and data for plotting a market equilibrium curve showing price (P) and quantity (Q) relationships. It asks the student to: 1) Plot the price and quantity data on the market equilibrium curve 2) Identify the equilibrium point as the intersection of the supply and demand curves 3) Interpret what the equilibrium curve represents It then provides a second activity to complete a market schedule using given demand and supply functions and draw the equilibrium curve.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    5 views1 page

    SEATWORK+#5 and #6

    Uploaded by

    wanwandelacruz16
    The document contains instructions and data for plotting a market equilibrium curve showing price (P) and quantity (Q) relationships. It asks the student to: 1) Plot the price and quantity data on the market equilibrium curve 2) Identify the equilibrium point as the intersection of the supply and demand curves 3) Interpret what the equilibrium curve represents It then provides a second activity to complete a market schedule using given demand and supply functions and draw the equilibrium curve.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    SEATWORK #5

    Plot the prices and quantity in the market equilibrium curve. Afterwards, answer the guide questions
    below.

    P QD QS

    6 0 600

    5 100 500

    4 200 400

    3 300 300

    2 400 200

    1 500 100

    0 600 0

    1. What is the equilibrium point?


    2. Interpret your equilibrium curve.

    SEATWORK #6

    1. Complete the market schedule using the demand function of Qd = 180 - 25P and supply
    function of Qs = -40 + 30P. Kindly show your solutions.
    2. Make an equilibrium curve.

    QD P QS

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