Lesson 3.06 Market Equilibrium

Complete 3.06 Market Equilibrium.

Task Directions:

Select the correct supply and demand graph (A, B, C, or D) for each of the situations listed in the table below. For each situation, assume that supply and demand are in a state of equilibrium to start. Then, read the situation and determine if either curve should be shifted because of the consequences of the situation. Type your answers in the Answer column. If no shift occurs, type the letter E in the answer column next to the appropriate situation.

When you complete the task, submit it to 3.06 Market Equilibrium Dropbox.

Go to the Quizzes section and take the Unit 3 Test.