Microeconomics: Principles, Applications, and Tools (8th Edition)

Published by Prentice Hall
ISBN 10: 0-13294-886-9
ISBN 13: 978-0-13294-886-9

Chapter 4 - Demand, Supply, and Market Equilibrium - Exercises - 4.6 Predicting and Explaining Market Changes - Page 95: 6.10

Answer

The points fall into a downward sloping line, so represent a demand curve that was constant for all 3 years.

Work Step by Step

The price and quantity changed in opposite directions each year, so the supply changed each year. Each plotted point represents the equilibrium point for that year, so is the intersection point of the supply curve for that year.
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