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OpenStudy (xxdabossxx):
@sooobored
OpenStudy (xxdabossxx):
@sooobored
OpenStudy (iwanttogotostanford):
or just helpp from the kindness of your heart pleas?
OpenStudy (iwanttogotostanford):
like i am in DESPERATE
OpenStudy (iwanttogotostanford):
need
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OpenStudy (iwanttogotostanford):
please!!!
OpenStudy (iwanttogotostanford):
someone really please
OpenStudy (iwanttogotostanford):
?????????????????please guys!
OpenStudy (dumbcow):
what is the specific question? what graph do you need?
whitemonsterbunny17 (whitemonsterbunny17):
We can't do all of the work for you here, that would be a violation of our Code of Conduct.
However, we can teach you how to draw the graphs so that you can do so on your own. :)
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OpenStudy (iwanttogotostanford):
@Whitemonsterbunny17 yes please can i share with you one of them ii need help with??
OpenStudy (iwanttogotostanford):
@Whitemonsterbunny17
OpenStudy (iwanttogotostanford):
@DoodleDuck8
OpenStudy (iwanttogotostanford):
@518nad
OpenStudy (dumbcow):
1)
The shortage is caused by an increase in Demand. On the graph this means the Demand curve shifts to the right, the difference in quantity at given price is the shortage:
|dw:1479883244944:dw|
To end the shortage, the price will have to increase such that only those willing to pay the higher price equal the quantity supplied:
|dw:1479883570039:dw|
Obviously this is not a fair outcome for those who cannot afford the much higher price.