Question

a. given the data in the table below, draw the demand curve in the graph below. note: plot all 6 points using the tool provided in the graphing area below. \

$$\begin{tabular}{|c|c|} \\hline price & quantity demanded \\\\ \\hline 2 & 220 \\\\ \\hline 4 & 200 \\\\ \\hline 6 & 180 \\\\ \\hline 8 & 160 \\\\ \\hline 10 & 140 \\\\ \\hline 12 & 120 \\\\ \\hline \\end{tabular}$$

\
supply and demand for copy paper \
(graph with price on y - axis and quantity of copy paper on x - axis, supply and demand curves) \
b. what is the equilibrium price and quantity? \
the equilibrium price is $\square$ and the equilibrium quantity is $\square$.

Explanation:

Step1: Identify equilibrium intersection

The equilibrium is where the supply and demand curves cross. From the graph, this point has coordinates (160, 8).

Step2: Match to price/quantity

On the graph, the vertical axis is Price ($y$-value) and horizontal axis is Quantity ($x$-value). So the $y$-value is equilibrium price, $x$-value is equilibrium quantity.

Answer:

The equilibrium price is $\$8$ and the equilibrium quantity is $160$.

For part (a), the correct 6 points to plot are:

1. (220, 2)
2. (200, 4)
3. (180, 6)
4. (160, 8)
5. (140, 10)
6. (120, 12)

Connecting these points forms the correct downward-sloping demand curve.