Section 2: Equilibrium and Incentives
Now, you will graph a recommended course of action for Bond's Gym.
1. Create a graph that demonstrates equilibrium and excess demand. Make sure your graph
includes the same supply and demand curves that you just created. In addition, label the point
of equilibrium, draw a line showing the current price at Bond's ($10), and label the excess
demand on the graph. (10 points)

a.for lorena 14 hours makes $126   for 16 hours she makes 144

for julie 6 hours makes $72 for 21 hours its $252

b. julie makes more money than lorena julie makes $12 an hour and lorena makes $9  

.

your answer would be b

lr = 24

step-by-step explanation:

note that p is the midpoint of lr. to find the measurement of lr, set the equation:

lr = lp + pr

plug in the corresponding numbers to the corresponding variables:

lr = (15) + (9)

simplify:

lr = 24

24 is your measurement of lr.

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