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Law, 05.12.2020 01:30 skyflyer878

PLEASE HELP. Sime Graphs: Creating Graphs to Reach Equilibrium Summary: In this assignment, you will create two graphs and answer questions about Bond's Gym, the business you are supporting

Assignment Instructions
1. Gather materials and necessary information
a) Ask your teacher which word processing software you will be using.
b) Keep your lesson and assignment open In case you need to review what you have learned.
2. Read and follow each set of instructions carefully.
a) To create each graph, Insert shapes and textboxes using your word processing software. To do this in Microsoft Word :
1) Click on the "Insert" tab
2). Click on "Shapes" in the "Illustrations" section, and select a line or arrow shape 3) Use the mouse cursor to draw the line or arrow on the graph
b) if you are using different word processing software, be sure to ask your teacher if you aren't sure how to accomplish this.
c) Make sure you complete the questions on each page.

Section 2: Supply and Demand Curves The owner of Bond's Gym has pald you to carry out a survey of potential customers. You asked 600 potential customers what price they would be willing to pay to join the gym. Then, the owner provided you data about the number of customers that can be admitted as members at each membership price.
This allowed you to create a combined supply and demand schedule for bonds
(GRAPH IN PICTURE)

1. Using the data in the supply and demand schedule, create demand and supply curves for bonds gym on the following graph. Be sure to use text boxes to label the supply curve as S and the demand curve as D.
(GRAPH IN PICTURE)
2. Is the demand curve shallow or steep? What does this mean about the last dicidi of the demand for memberships?
HINT: YOUR X AXIS SHOULD GO TO MEMBERSHIPS, 800 AND YOUR Y SHOULD GO TO $60

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