Apply supply and demand analysis to price determination and predict changes in supply and/or demand Analyze the effects of elasticity on consumer and business behavior
Directions
Construct a graph to analyze the supply and demand problem and answer the questions listed. Submit according to the directions for submitting assignments with graphs.
you correctly show a price ceiling or floor and its effects on your graph you correctly evaluate the effect of a price ceiling or floor as indicated in problem your correctly calculate elasticity according to the problem you explain your supply and demand graph showing all elements correctly labeled you present a graph with a written and graphical analysis of an economic choice