Economics. The following graph illustrates the law of supply and demand.a. Complete each
Chapter 4, Problem 4.1.76(choose chapter or problem)
Economics. The following graph illustrates the law of supply and demand.a. Complete each sentence with the word increases or decreases. As the price of an item increases, the supply of the item ______ . As the price of an item increases, the demand for the item ______ .b. For what price will the supply equal the demand? How many items will be supplied for this price?y 1 1 2 3 4 5 6 7 2345 6 Price of item ($) 7 8 9 10 11 12 Quantity of item (10,000s)
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