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Homework answers / question archive / Graphing Demand and Supply The following table presents the demand and supply of corn on March 29t"

Graphing Demand and Supply The following table presents the demand and supply of corn on March 29t"

Economics

Graphing Demand and Supply The following table presents the demand and supply of corn on March 29t". Demand and Supply of Corn, March 29 Price per Bushel $3.50 $3.25 $3.00 $2.75 $2.50 $2.25 $2.00 Number of Bushels People Want to Buy (in thousands) 80 100 120 140 160 180 200 Number of Bushels People Want to Sell I (in thousands) 200 180 160 140 120 100 60 Use the graph below to plot the demand for corn shown in columns 1 and 2 in the table. Connect the points and label the line "D." The line you have drawn is the demand line for corn. Draw the supply line in the dame way by using columns 1 and 3. Connect the points to complete the supply line. Label this curve "S." Demand and Supply of Corn, March 29 $3.75 $350 $3.25 $3.00 Price per Bushel $2.75 $2.50 $225 $2.00 $1.75 180 200 80 100 120 140 160 Thousands of Bushelsper Day

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