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eco365_r6_supply_demand_curves.doc
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Supply and Demand Curves
ECO/365 Version 6
University of Phoenix Material
Supply and Demand Curves
Answer the following questions
Write the definition for each of the following:
1. Law of Demand
2. Law of Supply
Which of the following graphs best demonstrates the law of demand?
a)
b)
c)
d)
I
II
III
IV
Which of the following graphs best demonstrates the law of supply?
a)
b)
c)
d)
I
II
III
IV
Copyright © 2013 by University of Phoenix. All rights reserved.
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Supply and Demand Curves
ECO/365 Version 6
Copyright © 2013 by University of Phoenix. All rights reserved.
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