Math Problem Statement

Below is the price, QD and QS schedules for the Gardenia Bread. Price Quantity Demanded Quantity Supplied Php 4 135 26 5 104 53 6 81 81 7 68 98 8 53 110 9 39 121

a. Graph the demand and supply curves.

Solution

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Math Problem Analysis

Mathematical Concepts

Economics
Demand and Supply Analysis
Graphing Linear Functions

Formulas

Demand curve equation: QD = f(P)
Supply curve equation: QS = f(P)

Theorems

Law of Demand
Law of Supply
Equilibrium Theory

Suitable Grade Level

Grades 9-12