Supply and Demand
Attached is the Excel Information
Using Microsoft (MS) Excel, construct a graph showing supply and demand in the E-Book market based on the data above. (Save this file because you will re-work it later in the assignment.) When finished, copy and paste or import your graph into an MS Word document.
In your MS Word document, below your imported graph, respond to the following:
- Explain how the Laws of Supply and Demand are illustrated in this graph.
- Describe the equilibrium price and quantity in this market.
- Assume that the government imposes a price floor of $12 in the E-Book market. Explain what would happen in this market.
- Assume that the price floor is removed and a price ceiling is imposed at $6. Explain what would happen in this market.
- Now, assume that the price of E-Readers (used with E-Books) drops from $60 by fifty percent. How would this change impact the demand for E-Books? Explain your answer. Then, reconstruct your original graph to show this change and place it in your MS Word document below your explanation.
Remember, quotations, paraphrases, and ideas you get from books, articles, or other sources of information should be cited using APA style
Are you looking for a similar paper or any other quality academic essay? Then look no further. Our research paper writing service is what you require. Our team of experienced writers is on standby to deliver to you an original paper as per your specified instructions with zero plagiarism guaranteed. This is the perfect way you can prepare your own unique academic paper and score the grades you deserve.
Use the order calculator below and get started! Contact our live support team for any assistance or inquiry.[order_calculator]