Unit 2 – Economic Environment Supply & Demand of Orange Juice Study

Directions: Label the graph according to the following information.
(X-Axis: increments of 10; Y-Axis: increments of 20)
Graph the supply and demand curves for orange juice on the chart.

PEOPLE WOULD STORES WOULD
BUY/DEMAND SUPPLY/SELL
PRICE (Million half gallons) (Million half gallons)

$0.60 55 25
$0.80 40 40
$1.20 25 55
$1.60 10 70
$2.00 5 85
$2.40 1 90

Quantity (Millions of half-gallons per Day)