The Following Graph Shows The Monthly Demand And Supply Curves In The Market For Keyboards Use The Graph Input Tool To 1 (27.93 KiB) Viewed 52 times
The Following Graph Shows The Monthly Demand And Supply Curves In The Market For Keyboards Use The Graph Input Tool To 2 (14.6 KiB) Viewed 52 times
The following graph shows the monthly demand and supply curves in the market for keyboards. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. Graph Input Tool 80 Market for Keyboards Price (Dollars per keyboard) Supply Quantity Demanded (Keyboards) Quantity Supplied (Keyboards) 125 PRICE (Dollars per keyboard) 72 56 48 40 32 24 16 B Demand 0 50 100 150 200 250 300 350 400 450 500 QUANTITY (Keyboards) 32 300
The equilibrium price in this market is s per keyboard, and the equilibrium quantity is keyboards bought and sold per month. Complete the following table by indicating at each price whether there is a shortage or surplus in the market, the amount of that shortage or surplus, and whether this places upward or downward pressure on prices. Price Shortage or Surplus Amount (Dollars per keyboard) Shortage or Surplus (Keyboards) Pressure 48 32
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