ECO/365 Week 1 Supply and Demand Curve Worksheet

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University of Phoenix Material                      

 

Supply and Demand Curves

 

 

 

Answer the following questions

 

Write the definition for each of the following:

 

  1. Law of Demand

 

 

 

 

  1. Law of Supply

 

 

 

 

 

Which of the following graphs best demonstrates the law of demand?

 

a)     I

b)    II

c)     III

d)    IV

 

 

Which of the following graphs best demonstrates the law of supply?

 

a)     I

b)    II

c)     III

d)    IV

 

            

 

 

 

 

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