does the graph on the left represent the supply or demand of tvs? does the graph on the right represent the…

does the graph on the left represent the supply or demand of tvs? does the graph on the right represent the supply or demand of tvs?

does the graph on the left represent the supply or demand of tvs? does the graph on the right represent the supply or demand of tvs?

Answer

Explanation:

Step1: Recall supply - demand relationship

The law of supply states that as the price of a good increases, the quantity supplied increases, resulting in an upward - sloping supply curve. The law of demand states that as the price of a good increases, the quantity demanded decreases, resulting in a downward - sloping demand curve.

Step2: Analyze left - hand graph

The left - hand graph has an upward - sloping curve. As the price of TVs increases (going up on the vertical axis), the quantity of TVs (on the horizontal axis) increases. This follows the law of supply.

Step3: Analyze right - hand graph

The right - hand graph has a downward - sloping curve. As the price of TVs increases, the quantity of TVs demanded decreases. This follows the law of demand.

Answer:

  1. Supply
  2. Demand