How to create a supply and demand graph?

Draw supply and demand graphs that estimate what will happen to demand, supply, and the equilibrium price of pizza if the following events occur:

1. Consumer income declines.

How do I create a supply and demand graph in Excel?

Answer:
In excel, make three columns of information like this:

(blank) SupplyDemand
101060
202050
303040
404030
505020
606010

This means that at Q=10, the suppliers are willing to sell at P=10 and consumers are willing to buy at P=60.

Note that the first column is unlabled. Then use Excel's chart wizard...choose line graphs.

That should get you a basic supply/demand graph. You can select options to label the axes as P and Q.

Hopefully that will get you started.

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