Given the Following Table, Graph the Demand and Supply Curves

question 16

Essay

Given the following table, graph the demand and supply curves for flashlights.Be sure to label equilibrium price and equilibrium quantity. $\begin{array}{|c|c|c|}\hline \text { Price/flashlight (\$) } & \text { Quantity demanded/month } & \text { Quantity supplied/month } \\\hline 5 & 2,000 & 12,000 \\\hline 4 & 4,000 & 10,000 \\\hline 3 & 7,000 & 7,000 \\\hline 2 & 11,000 & 4,000 \\\hline 1 & 15,000 & 1,000 \\\hline\end{array}$

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Definitions:

Unusual Context

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