01.06 mc)
graph with q on x axis, p on y axis. curve s rises from the origin and increases in both x and y dimensions. line d1 decreases in both x and y dimensions. an arrow points from line d1 to line d2, which is identical in shape to line d1, but shifted one unit to the positive x direction. dashed lines extend in the positive x direction from p1 and in the positive y direction from q1, intersecting line s and line d1. dashed lines extend in the positive x direction from p2 one unit in the positive y direction from p1 and in the positive y direction from q2 one unit in the positive x direction from q1, intersecting line s and line d2.
creative commons
the price (p) of designer jeans is affected by the supply (s) and the demand (d).
what does this graph show?
demand for more pairs of jeans causes reduced supply and increased price.
demand for more pairs of jeans results in an increase in both price and quantity supplied.
fewer pairs of jeans sold causes increased supply and decreased price.
fewer pairs of jeans sold results in a decrease in both price and supply.