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Section 2: Demand for older Nintendo Switches (25points) Suppose that the demand and price for a cheaper and older model Nintendo Switch are related by p = D{q) = 16 1.25q, where p is the price (in dollars) and q is the quantity demanded (in hundreds). Using Google Sheetstxcel or other graphing soware, create the demand table. Create a graph of the demand curve and address the following questions: 0 Create a table that lists the demand quantity and price at each level of demand in the following list. Show your calculations by using functions within Google Sheets or other graphing soware. - 0 Nintendo Switches - 400 Nintendo Switches - 800 Nintendo Switches 0 Explain what the quantity demanded for the Nintendo Switches would be for each price listed below. Show your calculations by using functions within Google Sheets or other graphing software. - $8 - $10 - $12 0 Graph the demand curve that depicts p = 16 1.2511]. Section 3: Supply for older Nintendo Switches-(25points) 1. Suppose the price and supply of the Nintendo Switches are related by p = S(q) =0.75q. Using Google Sheets or other graphing software, create the supply table. 2 Create a graph of the supply curve and address the following factors: O Create a table that lists the supply quantity and price at each level of demand in the following list. Show your calculations by using functions within Google Sheets or other graphing software. 0 Nintendo Switches 400 Nintendo Switches 800 Nintendo Switches O Explain what the quantity supplied for the Nintendo Switches would be for each price listed below. Show your calculations by using functions within Google Sheets or other graphing software. $0 $10 $20 O Graph the supply curve that depicts p = 0.75q 3. Based on the demand curve that is depicted by p = 16 - 1.25q and the supply curve that is depicted by p = 0.75q, what are the equilibrium quantity and prices? Support your answer with calculations and a graph within Google Sheets or other graphing software. Requirements Re-creation of the demand and supply table and graph the demand and supply curve using Google Sheets or Excel Explanation of Nintendo Switch equilibrium price; supported by graph Explanation of the law of supply and demand Explanation of shortage/surplus; supported by graph Creation of demand table and curve using Google Sheets or Excel that addresses the key levels of demand and pricing Creation of supply table and curve using Google Sheets or Excel that addresses the key levels of supply and pricing Explanation of demand and supply equilibrium quantity and price; supported by calculations and a graph