The following table gives the demand schedule for anâindividual's monthly demand for CDs. Price Quantity Demanded
â$35 8
â$30 10
â$25 12
â$20 14

Assume there are 10 identical people in the market.

a. Using the point drawing toolâ, indicate the point on the market demand curve that corresponds with the highestâ price, and label itâ 'High'. â
b. Using the point drawing toolâ, indicate the point on the market demand curve that corresponds with the lowestâ price, and label itâ 'Low'. â
c. Using the multipoint curve drawingâ tool, draw the market demandâ curve, and label it.

a

explanation:

i know

answer about 4-5 percent of the labor force is unemployed;

answerblank(1) //inferiorblank(2) ramen noodles;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.