The following table presents the monthly demand and supply in the market for boots in Philadelphia....

 

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The following table presents the monthly demand and supply in the market for boots in Philadelphia. Price (Dollars per pair of boots) 20 40 60 80 100 PRICE (Dollars per pair of boots) 120 On the following graph, plot the demand for boots using the blue point (circle symbol). Next, plot the supply of boots using the orange point (square symbol). Finally, use the black point (plus symbol) to indicate the equilibrium price and quantity in the market for boots. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. (?) 100 80 60 40 20 0 0 Quantity Demanded (Pairs of boots) 1,100 900 800 600 200 500 400 600 800 QUANTITY (Pairs of boots) Quantity Supplied (Pairs of boots) 200 400 500 900 1,200 1000 1200 • Demand Supply + Equilibrium The following table presents the monthly demand and supply in the market for boots in Philadelphia. Price (Dollars per pair of boots) 20 40 60 80 100 PRICE (Dollars per pair of boots) 120 On the following graph, plot the demand for boots using the blue point (circle symbol). Next, plot the supply of boots using the orange point (square symbol). Finally, use the black point (plus symbol) to indicate the equilibrium price and quantity in the market for boots. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. (?) 100 80 60 40 20 0 0 Quantity Demanded (Pairs of boots) 1,100 900 800 600 200 500 400 600 800 QUANTITY (Pairs of boots) Quantity Supplied (Pairs of boots) 200 400 500 900 1,200 1000 1200 • Demand Supply + Equilibrium

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