Question

Use Table 1 to graph the Supply and Demand for Vegan Chocolate Chip Cookies: Table 1...

  1. Use Table 1 to graph the Supply and Demand for Vegan Chocolate Chip Cookies:

Table 1

Price (per box of cookies)

Quantity Demanded

Quantity Supplied

50

160

130

60

150

140

70

140

150

80

130

160

90

120

170

100

110

180
  1. Use Table 1 to answer: If the price of a box of cookies is $60, is there a shortage in the market? How does price adjust? Explain and show graphically.
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