Bob owns a roadside stand that sells rhubarb pie. Bob likes to experiment with various pricing strategies in order to determine the most efficient way to run his business. The table below depicts some recent price changes and responses by consumers. Graphically illustrate the appropriate demand and supply curves and where the shortages, surplus and market equilibrium price were found. Price Changes and Responses by Consumers Price Quantity Demanded Quantity Supplied $4.89 311 255 $4.29 388 214 $5.39 198 309 $5.19 268 300 $5.00 279 279

Question

Bob owns a roadside stand that sells rhubarb pie. Bob likes to experiment with various pricing strategies in order to determine the most efficient way to run his business. The table below depicts some recent price changes and responses by consumers. Graphically illustrate the appropriate demand and supply curves and where the shortages, surplus and market equilibrium price were found.  Price Changes and  Responses by Consumers Price	Quantity Demanded	Quantity Supplied $4.89	311	255 $4.29	388	214 $5.39	198	309 $5.19	268	300 $5.00	279	279

anonymous · Answer

This question would be best asked in the Economics section

anonymous · Answer

I just joined this site lol, I'm figuring it out as we speak... AP Micro is so confusing for me

aripotta · Answer

there's an economics section?

aripotta · Answer

>_>

aripotta · Answer

oh i see, but there's like little to none people there. student would probably not get helped