Demand and supply
Use the following information to draw the demand and supply curves.
Clearly label the each one.
Scenario 1: Fresh Fruit Market
Price (R) Quantity Demanded Quantity Supplied
5
60
20
10
50
30
15
40
40
20
30
50
25
20
60
Scenario 2: Coffee Café
Price (R) Quantity Demanded Quantity Supplied
8
100
40
10
90
60
12
80
80
14
70
100
16
60
120
Scenario 3: Shoe Store
Price (R) Quantity Demanded Quantity Supplied
200
50
20
250
45
30
300
40
40
350
35
50
400
30
60
Draw the following graphs to indicate the change in equilibrium.
Indicate what changed and give TWO possible reasons for the change.
Scenario 4: Fresh Fruit Market
Price (R) Quantity Demanded Quantity Supplied
5
80
20
10
70
30
15
60
40
20
50
50
25
40
60
Scenario 5: Coffee Café
Price (R) Quantity Demanded Quantity Supplied
8
100
20
10
90
40
12
80
60
14
70
70
16
60
80