Law, 03.12.2020 09:00 marioagundis09

PLEASE HELP VERY URGENT. GRAPH CREATING. Summary in this assignment, you will create two graphs and answer questions about Bond's Gym, the business you are supporting. Assignment Instructions Gather materials and necessary information Ask your teacher which word processing software you will be using. Keep your lesson and assignment open in case you need to review what you have learned. Read and follow each set of instructions carefully. To create each graph, insert shapes and textboxes using your word processing software. To do this in Microsoft Word®: Click on the "Insert" tab Click on "Shapes" in the "Illustrations" section, and select a line or arrow shape Use the mouse cursor to draw the line or arrow on the graph If you are using different word processing software, be sure to ask your teacher if you aren't sure how to accomplish this. Make sure you complete the questions on each page.

Section 2: supply and demand curves
The owner of bonds gym has paid you to carry out a survey of potential customers. You ask 600 potential customers what price they would be willing to pay to join the gym. Then, the owner provided you data about the number of customers that can be admitted as members at each membership price. This allows you to create a combined supply and demand schedule for bonds in the picture below.
Q. Using the data the supply demand schedule, create demand and supply curves for bonds gym on the following graph.(in picture) Be sure to use text boxes to label supply curve as S in the demand curve as D.
Q. Is the demand curve shallow or steep? What does this mean about the elasticities of demand from memberships?

Section 3 equilibrium and incentives. Now you will graph the recommended course of action for bonds gym.
Q. Create a graph that demonstrates equilibrium and excess demand. Make sure your graph includes the same supply and demand curves that you just created. In addition, label the plant equilibrium, dry line showing the current price at mons $10, and label the excess demand on the graph.
Q. Based upon the graph you created, what price should bond Jim charge for memberships in order to reach equilibrium.
Q. Is bonds Jim raises prices to recommended price, how will this affect demand for their product?

PLEASE HELP VERY URGENT. GRAPH CREATING.

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PLEASE HELP VERY URGENT. GRAPH CREATING. Summary in this assignment, you will create two graphs and...