What type of graph is this? $ 12.75 12.25 11.75 11.25 10.75 10.25 Units 1000 2000 3000 4000 5000 6000

DEMAND CURVE

How many units would be sold at $12.25? 12.75 12.25 11.75 11.25 10.75 10.25 Units 1000 2000 3000 4000 5000 6000

What price should I charge so there is nothing left on the self yet no customers still wanting any items? $ 12.75 12.25 11.75 11.25 10.75 10.25 Units 1000 2000 3000 4000 5000 6000

At $10.75, do I have a shortage or surplus? 12.75 12.25 11.75 11.25 10.75 SHORTAGE 10.25 Units 1000 2000 3000 4000 5000 6000

At $12.25, what is my shortage/surplus? 12.75 12.25 11.75 11.25 10.75 10.25 Units 1000 2000 3000 4000 5000 6000

At $12.25, how many units are on the shelf? 12.75 12.25 11.75 11.25 10.75 10.25 Units 1000 2000 3000 4000 5000 6000

To sell 3000 units, what would the price have to be? $ 12.75 12.25 11.75 11.25 10.75 10.25 Units 1000 2000 3000 4000 5000 6000

What would you expect the price to do if the company supplied 2000 units? $ 12.75 12.25 11.75 11.25 10.75 10.25 Units 1000 2000 3000 4000 5000 6000

What is the price difference for people willing to buy 5000 units and the company willing to making 5000 units? $ 12.75 12.25 11.75 $12.25 – 10.25 $ 2.00 11.25 10.75 10.25 Units 1000 2000 3000 4000 5000 6000