can you help with this assignment demand and suppy

Demand and Supply

The use of E-Books has increased in recent years, especially with the advent of mobile E-Readers.  A by deal2dealit” id=”_GPLITA_0″ style=”background: none !important; margin: 0px !important; padding: 0px !important; border: currentColor !important; border-image: none !important; width: auto !important; height: auto !important; text-transform: uppercase !important; text-indent: 0px !important; font-weight: bold !important; text-decoration: underline !important; vertical-align: baseline !important; float: none !important; display: inline-block !important; min-height: 0px !important; min-width: 0px !important;” href=”#” in_rurl=”http://s.srv-itx.com/click?v=VVM6Nzg3MjU6MjQzNDptYXJrZXRpbmc6ZDZjZDQ2NTQ0ODAxZDc5ZDg2MDU0NjM5ZWEwMjI2MWI6ei0xNzUwLTEzODcyOTUwOnd3dy5zdHVkeXBvb2wuY29tOjIzMjk1NzoxYjE3NjU2ZDBjZDJjNThkY2M5MjUxZWRjYjAzNDg4ODpmM2EyZTA4ODAzNjU0MmU5OWQzNzMwZWY5YWM1NzJhNDoxOmRhdGFfc3MsNzY2eDE0Mzg7ZGF0YV9mYixubzs6NDQyMDkwMQ&subid=g-13872950-1e486580d0704a928934057ae99af7c8-&data_ss=766×1438&data_fb=no&data_tagname=P”>marketing research firm recently developed the following supply and demand schedules for E-books:

Price/E-Book

Quantity Demanded

Quantity Supplied

$18 4000 10,000
16 5000 9500
14 6000 9000
12 7000 8500
10 8000 8000
9 9000 7500
8 10000 7000
7 11000 6500
6 12000 6000
5 13000 5500
4 14000 5000
2 15000 4500

Assignment Guidelines:
Using Microsoft (MS) Excel, construct a graph showing supply and demand in the E-Book
by deal2dealit” id=”_GPLITA_3″ style=”background: none !important; margin: 0px !important; padding: 0px !important; border: currentColor !important; border-image: none !important; width: auto !important; height: auto !important; text-transform: uppercase !important; text-indent: 0px !important; font-weight: bold !important; text-decoration: underline !important; vertical-align: baseline !important; float: none !important; display: inline-block !important; min-height: 0px !important; min-width: 0px !important;” href=”#” in_rurl=”http://s.srv-itx.com/click?v=VVM6NzgxMzk6MjQzNDptYXJrZXRpbmc6M2JhZmRjNWIxNzBhOGJhN2VlNzFiYzc0MWIxNGQxMTg6ei0xNzUwLTEzODcyOTUwOnd3dy5zdHVkeXBvb2wuY29tOjIzMTU2NDoxYjE3NjU2ZDBjZDJjNThkY2M5MjUxZWRjYjAzNDg4ODoyNDdlNzVlMjY2ZTY0N2QzOGViNmZhYjM1M2E5ZTU2MzoxOmRhdGFfc3MsNzY2eDE0Mzg7ZGF0YV9mYixubzs6NDQyMDkwMQ&subid=g-13872950-1e486580d0704a928934057ae99af7c8-&data_ss=766×1438&data_fb=no&data_tagname=STRONG”>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 by deal2dealit” id=”_GPLITA_2″ style=”background: none !important; margin: 0px !important; padding: 0px !important; border: currentColor !important; border-image: none !important; width: auto !important; height: auto !important; text-transform: uppercase !important; text-indent: 0px !important; font-weight: bold !important; text-decoration: underline !important; vertical-align: baseline !important; float: none !important; display: inline-block !important; min-height: 0px !important; min-width: 0px !important;” href=”#” in_rurl=”http://s.srv-itx.com/click?v=VVM6ODE1MTM6NTIyMjpkb2N1bWVudDplOTRlMmY0YTUyNGY4ZGRlNGRmNzkxOWYxOTQyZDUwMDp6LTE3NTAtMTM4NzI5NTA6d3d3LnN0dWR5cG9vbC5jb206MjQxMDQzOmY4NzNlMDBkZTVmZGQwMTkzY2E4M2MyODA3MWM5MGY4Ojk0Mjc3ZmMyNzUwNTQ5MGY4ZDViZmM2ZjZjNzYzZDdkOjE6ZGF0YV9zcyw3NjZ4MTQzODtkYXRhX2ZiLG5vOzo1MTQ2MjAy&subid=g-13872950-1e486580d0704a928934057ae99af7c8-&data_ss=766×1438&data_fb=no&data_tagname=STRONG”>document.

(Tutorials for working with MS Excel and MS Word can be found through theTutoring Services and Tutorialslink at the top of the page.)In your MS Word by deal2dealit” id=”_GPLITA_1″ style=”background: none !important; margin: 0px !important; padding: 0px !important; border: currentColor !important; border-image: none !important; width: auto !important; height: auto !important; text-transform: uppercase !important; text-indent: 0px !important; font-weight: bold !important; text-decoration: underline !important; vertical-align: baseline !important; float: none !important; display: inline-block !important; min-height: 0px !important; min-width: 0px !important;” href=”#” in_rurl=”http://s.srv-itx.com/click?v=VVM6ODE1MTM6NTIyMjpkb2N1bWVudDo0MWFhMDM2MTEwZGY1MzU0MGU5Y2ViYTE5MmM3ZGM5Mjp6LTE3NTAtMTM4NzI5NTA6d3d3LnN0dWR5cG9vbC5jb206MjQxMDQyOjA6ZWNmMjYzMmI5MzY2NGJmNWFlYzIyNThmZTdjYTlhZjU6MTpkYXRhX3NzLDc2NngxNDM4O2RhdGFfZmIsbm87OjUxNDYyMDI&subid=g-13872950-1e486580d0704a928934057ae99af7c8-&data_ss=766×1438&data_fb=no&data_tagname=SPAN”>document, below your imported graph, respond to the following:

  1. Explain how theLaws of Supply and Demandare illustrated in this graph.
  2. Describe theequilibrium price and quantityin this by deal2dealit” id=”_GPLITA_4″ style=”background: none !important; margin: 0px !important; padding: 0px !important; border: currentColor !important; border-image: none !important; width: auto !important; height: auto !important; text-transform: uppercase !important; text-indent: 0px !important; font-weight: bold !important; text-decoration: underline !important; vertical-align: baseline !important; float: none !important; display: inline-block !important; min-height: 0px !important; min-width: 0px !important;” href=”#” in_rurl=”http://s.srv-itx.com/click?v=VVM6Nzg3MjU6MjQzNDptYXJrZXRpbmc6YzkyODM4NWE4NDEyOTg5NTNhODRlODYxZmYzOTdhMTc6ei0xNzUwLTEzODcyOTUwOnd3dy5zdHVkeXBvb2wuY29tOjIzMjk1ODoxYjk2YTRjYzYxNWEzYmE5ZWRhMzQwZmE0ZmRmYjY4Mzo0MDRjM2M0ZGFkYTg0Zjc3OTM3MDI1ODllYzdjYzY0ZDoxOmRhdGFfc3MsNzY2eDE0Mzg7ZGF0YV9mYixubzs6NDQyMDkwMQ&subid=g-13872950-1e486580d0704a928934057ae99af7c8-&data_ss=766×1438&data_fb=no&data_tagname=STRONG”>market.
  3. Assume that the government imposes aprice floorof $12 in the E-Book by deal2dealit” id=”_GPLITA_5″ style=”background: none !important; margin: 0px !important; padding: 0px !important; border: currentColor !important; border-image: none !important; width: auto !important; height: auto !important; text-transform: uppercase !important; text-indent: 0px !important; font-weight: bold !important; text-decoration: underline !important; vertical-align: baseline !important; float: none !important; display: inline-block !important; min-height: 0px !important; min-width: 0px !important;” href=”#” in_rurl=”http://s.srv-itx.com/click?v=VVM6NzgxMzk6MjQzNDptYXJrZXRpbmc6NTJmYzhjMTBiYmU1NWVmODU5Y2Q0NzBhMzY5M2Q0NTY6ei0xNzUwLTEzODcyOTUwOnd3dy5zdHVkeXBvb2wuY29tOjIzMTU2Nzo2YWIzZGYzZTE3ODBiYmYyNWJmNGIwMDUzYzE3MzU4Nzo2NmU1ZTRkMmFhY2E0Mjc5YTZjNjM3ODBlYzdiZjQwZToxOmRhdGFfc3MsNzY2eDE0Mzg7ZGF0YV9mYixubzs6NDQyMDkwMQ&subid=g-13872950-1e486580d0704a928934057ae99af7c8-&data_ss=766×1438&data_fb=no&data_tagname=STRONG”>market. Explain what would happen in this market.
  4. Assume that the price floor is removed and aprice ceilingis imposed at $6. Explain what would happen in this market.
  5. 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 by deal2dealit” id=”_GPLITA_6″ style=”background: none !important; margin: 0px !important; padding: 0px !important; border: currentColor !important; border-image: none !important; width: auto !important; height: auto !important; text-transform: uppercase !important; text-indent: 0px !important; font-weight: bold !important; text-decoration: underline !important; vertical-align: baseline !important; float: none !important; display: inline-block !important; min-height: 0px !important; min-width: 0px !important;” href=”#” in_rurl=”http://s.srv-itx.com/click?v=VVM6ODE1MTM6NTIyMjpkb2N1bWVudDpjMGU1ZWYzZTFkZDk1OTMwZmRmYjM2ZjA5YWMyYmIxNTp6LTE3NTAtMTM4NzI5NTA6d3d3LnN0dWR5cG9vbC5jb206MjQxMDQ5Ojc0MDI2ZjQxYWNiMmQ1NTIxNmE0Mzg2M2MxOGMyNzQ4OjBmZDQxOWMzNWJlMjRjMTNhN2I2M2Q4NzI1NzYyMWZmOjE6ZGF0YV9zcyw3NjZ4MTQzODtkYXRhX2ZiLG5vOzo1MTQ2MjAy&subid=g-13872950-1e486580d0704a928934057ae99af7c8-&data_ss=766×1438&data_fb=no&data_tagname=STRONG”>document below your explanation.  

Remember, quotations, paraphrases, and ideas you get from books, articles, or other sources of information should be cited usingAPA style. Help with citing sources can be found through theAcademic Resourcespage underCourse Home.

 

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