Try Another Version of These Questions

Question 1

Plot the following Price and Quantity combinations: (5, 13), (1, 5), (4, 11)

Clear All Draw: Dot

Hint

Box 1: Enter your answer by drawing on the graph.

Question 2

Is your graph more likely to be a demand curve or a supply curve?

Hint

Box 1: Select the best answer

supply curve

Question 3

Why?

Hint

Box 1: Enter your answer as text. This question is not automatically graded.

Law of Supply; As price goes up, producers supply a higher quantity.

Question 4

Using the equation of a line, and P for price and Q for quantity, what is the algebraic formula of this curve?

Hint

Box 1: Enter your answer as an equation. Example: y=3x^2+1, 2+x+y=3

Be sure your variables match those in the question

`P=3+2 Q`