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1. Based on the information provided in Table 1, create a chart in the space below showing the supply and demand curves for the number of Standard boxes in the United States per day. This information is helpful in knowing how many boxes to produce. After you have examined the graph below, identify the price and quantity at which market equilibrium exists.
Future Supply and Demand for cardboard boxes
Price per box
Daily US demand of Standard boxes (in millions of boxes per day)
Daily US supply of Standard boxes (in millions of boxes per day)
$17.00
2
0.1
$17.20
1.8
0.2
$17.40
1.6
0.3
$17.60
1.4
0.4
$17.80
1.2
0.5
$18.00
1
0.6
$18.20
0.8
0.7
$18.40
$18.60
0.9
$18.80
$19.00
1.1
2. Based on the information provided in Table 2, create a chart in the space below showing the supply and demand curves for the number of Deluxe boxes in the United States per day. This information is helpful in knowing how many boxes to produce. After you have examined the graph below, identify the price and quantity at which market equilibrium exists.
Daily US demand of Deluxe boxes (in millions of boxes per day)
Daily US supply of Deluxe boxes (in millions of boxes per day)
$30.00
$29.50
$29.00
$28.50
$28.00
$27.50
$27.00
$26.50
$26.00
$25.50
$25.00
1.3
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