how do i draw the supply and demand curve in word document... | Filo

3 using the midpoint method the following graph gives two points a and b along a hypothetical demand curve for tofu price dollars per pound quantity thousands of pounds of tofu using the mid 94236

Draw hypothetical supply and demand curves for tea. Show how the equilibrium price and quantity will be affected by each of the following occurrences: a. Bad weather wreaks havoc with the tea crop. b. A medical report implying tea is bad for your health is published. c. A technological innovation lowers the cost of producing tea. d. Consumers' income falls. (Assume tea is a normal good.) | Numerade