question archive The table shows the demand and supply schedules for shampoo
The table shows the demand and supply schedules for shampoo
Subject:MarketingPrice:2.88 Bought3
The table shows the demand and supply schedules for shampoo.
| Price (dollars per bottle) | Quantity demanded (bottles per week) | Quantity supplied (bottles per week) |
|---|---|---|
| 2 | 180 | 60 |
| 6 | 140 | 100 |
| 10 | 100 | 140 |
| 14 | 60 | 180 |
| 18 | 20 | 220 |
1. Draw a demand curve and a supply curve using the numbers in the table.
2. If the price is $14 a bottle, there is a _____ of shampoo, so the price of a bottle of shampoo _____, the quantity demanded _____ and the quantity supplied _____. The market moves to equilibrium.
A. surplus; rises; increases; decreases
B. shortage; falls; decreases; increases
C. shortage; rises; decreases; increases
D. surplus; falls; increases; decreases
