Fill in the blank at the top of eachвЂ‹ column, indicating whether it represents the supply or demand for carpet cleaner. Suppose the following table shows the supply schedule and demand schedule for carpet cleaner in Country 1. Using the point drawingвЂ‹ tool, illustrate the new equilibrium in the tea market. Label the new curve either вЂ‹'Upper S 2S2вЂ‹' or вЂ‹'Upper D 2D2вЂ‹'. Using the line drawingвЂ‹ tool, illustrate the impact of the increase in the price of sugar on the market for tea by either drawing a new supply or demand curve. Given that tea and sugar are complements and that the previous graph illustrated how the nasty fungus led to an increase in the price of sugarвЂ‹, graph theвЂ‹ following: Using the point drawingвЂ‹ tool, illustrate the new equilibrium in the sugar market. Using the line drawingвЂ‹ tool, illustrate the impact of the reduced supply of sugar cane on the market for sugar by either drawing a new supply or demand curve. What will happen to the equilibrium price and quantity of both sugar and tea as a result of thisвЂ‹ event? You determine that these goods must be _.ДЄ nasty fungus sharply reduces the supply of sugar cane. Suppose the price of oranges increases and the demand for plums increases. вЂ‹(Round your response to the nearest integer.вЂ‹) The new equilibrium quantity is _ computers per week. вЂ‹(Round your response to one decimal place.вЂ‹) The new equilibrium price is вЂ‹$_ per computer. Using the point drawing toolвЂ‹, indicate the new equilibrium price and quantity. Draw the curve for quantities from at least 1 to 7. Using the line drawing toolвЂ‹, shift either the demand curve or the supply curve to show the effect described above. Use the new supply equation to plot the supply curve. In aвЂ‹ supply-and-demand diagram, accurately show the effect of the increase in the prices of memory chips and motherboards on the equilibrium price and quantity of computers. вЂ‹consequence, the supply curve for computers becomes вЂ‹(two important components inвЂ‹ computers) rise and as a Suppose the prices of memory chips and motherboards The equilibrium quantity is _ computers per week. The equilibrium price is вЂ‹$_ per computer. Label your point вЂ‹'E1вЂ‹'.Д¬arefully follow the instructions above and only draw the required objects. Using the point drawing toolвЂ‹, indicate the equilibrium price and quantity. Draw the curve for quantities from at least 1 to 11. Using the line drawing toolвЂ‹, accurately draw the demand curve. Use the demand equation above to plot the demand curve. If this were toвЂ‹ occur, then the quantity supplied would be _ the quantityвЂ‹ demanded, resulting in _вЂ‹, which is also known as _. Suppose instead that the price of the good dropped below the competitive equilibrium price to a price ofвЂ‹ $15 per unit. If the only change in the market was that the price increased toвЂ‹ $30, then we know that the quantity supplied will be _ the quantityвЂ‹ demanded, resulting in _вЂ‹, which is also known as _. Using the point drawingвЂ‹ tool, place a point at the quantity demanded when the price isвЂ‹ $30 per unit. Using the point drawingвЂ‹ tool, place a point at the quantity supplied when the price isвЂ‹ $30 per unit. Using the graph on theвЂ‹ right, illustrate the impact of an increase in the price of the good fromвЂ‹ $20 per unit toвЂ‹ $30 perвЂ‹ unit, assuming everything else in the economy remains the same. At thisвЂ‹ price, we know that the quantity supplied is _ the quantity demanded. Given the supply and demand curves on theвЂ‹ right, when the price of the good isвЂ‹ $20, we say that the market is in _.

Supply curve graph