Table 1-7 -Refer to Table 1-7. the Table Above Shows the Sales

question 231

Essay

Table 1-7

-Refer to Table 1-7. The table above shows the sales of DVD recorders in North America. Present the information using a bar graph.

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Definitions:

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded.

Equilibrium Quantity

The quantity of goods or services supplied is equal to the quantity demanded at the market price.

Shift Demand

A change in the amount of a product that consumers are willing and able to purchase at any given price level, typically caused by changes in consumer preferences, income, or prices of related goods.