Question: a. Use the supply and demand schedule below to answer the following questions: Price of Good Quantity Demanded Quantity Supplied of Good 2 90 70

a. Use the supply and demand schedule below to answer the following questions: Price of Good Quantity Demanded Quantity Supplied of Good 2 90 70 of Good 2 $10 S40 30 70 $70 10 90 Instructions: Use the tools provided 'supply' and 'demand' to plot the supply and demand curves. (Plot all 5 points for each curve) Use the tool provided 'equilibrium' to label the market equilibrium. Good 2 100 90 80 70 60 Tools Supply Demand Equilibrium 20 Pre15 of 21 Next > b. If the income of buyers decreases and good l is an inferior good, the [ (Click to select) for good I will cause the equilibrium price to|(Click to select.) and the equilibrium quantity to((Click to select) # (CI to select) . This will neET
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