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GRAPHICAL ILLUSTRATION (Graph and Explanation)
TABLE 1
Graph the given table below and explain how the Law of Demand works.
DEMAND SCHEDULE FOR PORK
PRICE PER UNIT (IN PESOS)
QUANTITY DEMANDED (IN KG., THOUSAND)
160
20
150
30
140
40
130
50
120
60
110
70
100
80
90
TABLE 2
Graph the data given in the table below and explain how the Law of Supply works.
SUPPLY SCHEDULE FOR TOMATOES
PICE PER UNIT (IN PESOS)
QUANTITY SUPPLIED (IN KG., THOUSANDS)
15
500
600
25
700
800
35
900
1000
45
1100
1200
55
1300
1400
TABLE 3
Graph the given table below to show the equilibrium between demand and supply. Explain the price equilibrium below the graph.
SUPPLY AND DEMAND SCHEDULE FOR RICE
PRICE PER KILOGRAM (IN PESOS)
QUANTITY SUPPLIED (IN KILOGRAMS) THOUSANDS
QUANTITY DEMANDED (IN KILOGRAMS) THOUSANDS
16
18
22
24
26
28
32
34
36
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