[See Steps] Construct a demand curve and a supply curve for skateboards, based on the following data: Price per skateboard Quantity Demanded (millions)
Question: Construct a demand curve and a supply curve for skateboards, based on the following data:
| Price per skateboard | Quantity Demanded (millions) | Quantity Supplied (millions) |
| 75 | 3 | 18 |
| 50 | 6 | 15 |
| 35 | 9 | 12 |
| 25 | 12 | 9 |
| 15 | 15 | 6 |
| 10 | 18 | 3 |
Determine the equilibrium price and quantity, assuming that the demand and supply curves are linear within the range of equilibrium.
Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document 