3.00 2.50 2.00 1.50 1.00 .5 0 3. The First schedule represents the initial Demand (D)....

 

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3.00 2.50 2.00 1.50 1.00 .5 0 3. The First schedule represents the initial Demand (D). The second schedule represents the change in demand (D1). Graph the initial demand and the change in demand. Indicate with an arrow whether this is an increase in demand or a decrease in demand Price $3.00 $2.50 $2.00 $1.00 $0.50 5 10 Initial Demand 15 20 Gallons Demand Gallons Demanded 5 million 10 million 25 million 45 million 50 million 25 Price $3.00 $2.50 $2.00 $1.00 $0.50 30 40 Change in Demand Gallons Demanded 3 million 10 million 15 million 30 million 35 million 50 3.00 2.50 2.00 1.50 1.00 .5 0 3. The First schedule represents the initial Demand (D). The second schedule represents the change in demand (D1). Graph the initial demand and the change in demand. Indicate with an arrow whether this is an increase in demand or a decrease in demand Price $3.00 $2.50 $2.00 $1.00 $0.50 5 10 Initial Demand 15 20 Gallons Demand Gallons Demanded 5 million 10 million 25 million 45 million 50 million 25 Price $3.00 $2.50 $2.00 $1.00 $0.50 30 40 Change in Demand Gallons Demanded 3 million 10 million 15 million 30 million 35 million 50

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1 The first schedule represents the initial demand D 2 I plot the initial demand curve using the pri... View the full answer