Section 2: Supply and Demand Curves The owner of Bond's Gym has paid 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 Bond's.
Supply and Demand Schedule
Membership Price
Membership Applications
Memberships Available
$0
600
0
$15
450
100
$30
300
200
$45
150
300
$60
0
400
1. Using the data in the supply and demand schedule, create demand and supply curves for
Bond's Gym on the following graph. Be sure to use textboxes to label the supply curve as
S and the demand curve as D. (10 points)
$60
y
$50
$40
$30
Membership Prices
$20
$10
$0
0
100
200
700
800
300 400 500 600
Memberships