8:22 6 SD_Exercise_'l READ ONLY This is an older le format... Change in Demand and Change in Quantity Demanded Quantity Demanded Quantity Demanded Price Ice Cream [per day} Ice cream {per day) [5) I31 I32 1 4D 2 3D 3 20 4 10 1) Draw a graph below with D1. ['5- this a change in Demand or a Change in Quantity Demanded? (2 pts) 2) There is an increase in advertising and constmiers buy 10 more ice creams at each price. Please fill in the column for D2. Draw D2 on your diagram. Is this a change in Demand or a Change in Quantity Demanded? (2 pts) Use the following Demand and Supply Schedule for USBsto answerthe questions: Demand Schedule and Supply Schedule of U535 in a week Price {P} Quantity Demanded Quantity Supplied At prices ABOVE 8.00 6,000 18,000 equilibrium, there is a 100 3,000 15300 surplus because 05 is more than Qd. . Price 6.00 10,000 14,000 J 5.00 1 000 1 000 2' 2' Equilibrium Qd = 05 4.00 14,000 10,000 At prices BELOW 3'00 16'0\"\" 8,000 equilibrium, there is a 2-00 18,000 6,000 Shortage because Cid IS more than 05. Price 0 Use the information in the schedule and draw a demand and Supply diagram. Showi'label Equilibrium, Shortage and Surplus in your diagram. (6 ptsi