graphing supply and demand instructions: read each scenario and create a supply and demand curve according…

graphing supply and demand instructions: read each scenario and create a supply and demand curve according to the space provided. use two different colors, one for supply and another for demand. be sure to label each. 1. pumpkins at the farmers market: a. supply curve: there are 4 farmers who would like to sell their pumpkins at the farmers market. zero farmers will sell their pumpkins for $0 each. at $1, 1 farmer will sell his pumpkins. at $2.00, 2 farmers will sell their pumpkins. at $3.00, 3 farmers will sell their pumpkins. at $4.00, all 4 farmers will sell their pumpkins. label the x - axis and y - axis on the graph to the right, and plot the numbers given above to create a supply curve. b. demand curve: at $1 per pumpkin, 4 buyers will purchase pumpkins. at $2 each, 3 people will buy pumpkins. at $3, 2 people will buy pumpkins. at $4, 1 person will buy pumpkins. zero people will pay $5 for a pumpkin.

graphing supply and demand instructions: read each scenario and create a supply and demand curve according to the space provided. use two different colors, one for supply and another for demand. be sure to label each. 1. pumpkins at the farmers market: a. supply curve: there are 4 farmers who would like to sell their pumpkins at the farmers market. zero farmers will sell their pumpkins for $0 each. at $1, 1 farmer will sell his pumpkins. at $2.00, 2 farmers will sell their pumpkins. at $3.00, 3 farmers will sell their pumpkins. at $4.00, all 4 farmers will sell their pumpkins. label the x - axis and y - axis on the graph to the right, and plot the numbers given above to create a supply curve. b. demand curve: at $1 per pumpkin, 4 buyers will purchase pumpkins. at $2 each, 3 people will buy pumpkins. at $3, 2 people will buy pumpkins. at $4, 1 person will buy pumpkins. zero people will pay $5 for a pumpkin.

Answer

Explanation:

Step1: Identify axes for supply - curve

The x - axis represents the quantity of pumpkins supplied (Q), and the y - axis represents the price of pumpkins (P).

Step2: Plot supply - curve points

At P = 0, Q = 0; at P = 1, Q = 1; at P = 2, Q = 2; at P = 3, Q = 3; at P = 4, Q = 4. Connect these points to form the supply curve.

Step3: Identify axes for demand - curve

The x - axis represents the quantity of pumpkins demanded (Q), and the y - axis represents the price of pumpkins (P).

Step4: Plot demand - curve points

At P = 1, Q = 4; at P = 2, Q = 3; at P = 3, Q = 2; at P = 4, Q = 1; at P = 5, Q = 0. Connect these points to form the demand curve.

Answer:

Supply curve: Plot points (0,0), (1,1), (2,2), (3,3), (4,4) and connect them. Demand curve: Plot points (1,4), (2,3), (3,2), (4,1), (5,0) and connect them.