The following graph shows the daily market for large cardboard boxes in San Francisco. 0 1 2 3 4 5 6 7 8 9 10 40 36 32 28 24 20 16 12 8 4 0 PRICE (Dollars per large box) QUANTITY (Millions of large boxes) Supply Demand

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21-07-2022
SAT

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The following graph shows the daily market for large cardboard boxes in San Francisco. 0 1 2 3 4 5 6 7 8 9 10 40 36 32 28 24 20 16 12 8 4 0 PRICE (Dollars per large box) QUANTITY (Millions of large boxes) Supply Demand

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jayilych4real jayilych4real · Answer 1 · 2022-07-27T19:03:02+02:00

The numbers on the graph imply that with an increase in price, there is a reduction in demand for the quantity of a product demanded.

What are Demand and Supply?

This refers to the amount of a commodity or good that is available for purchase and the desire of buyers which affects its price.

Hence, we can see that from the details in the graph, the lower the price of the good, the more commodity bought, but as the price increased from 9-40, there was a sharp reduction in the demand.

Read more about demand and supply here:

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