Gina C.

asked • 09/03/20

Demand and Supply Curve

The table to the right provides demand and supply schedules for natural gas. Price is given per thousand cubic feet and quantities are in billion cubic feet.

a) Use the info in the table to derive the demand equation for natural gas.

b) Use the info in the table to derive the supply equation for natural gas.

c) Graph the supply and demand equations you derived labeling all axes and intercepts.

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