Price quantity demanded quantity supplied$300 500 1,800$270 600 1.700$240 700 1,600$210 800 1,500$180 1,000 1,400$150 1,100 1,300$120 1,200 1,200$90 1,300 1,100$60 1,400 1,000$30 1,500 900$10 1,600 800
Create supply and demand chart in Excel.*Assume price drops by 50% . Reconstruct graph to show changes.* Assume income of consumers increase. Reconstruct graph to show changes.* Assume number of sellers decrease. Reconstruct graph to show changes.