Assignment 3: Demand and SupplyThe use of E-Books has increased in recent years, especially with the advent of mobile E-Readers. A marketing research firm recently developed the following supply and demand schedules for E-books:Price/E-BookQuantity DemandedQuantity Supplied$18400010,0001650009500146000900012700085001080008000990007500810000700071100065006120006000513000550041400050002150004500Assignment Guidelines:Using Microsoft (MS) Excel, construct a graph showing supply and demand in the E-Book market based on the data above. (Save this file because you will re-work it later in the assignment.) When finished, copy and paste or import your graph into an MS Word document.(Tutorials for working with MS Excel and MS Word can be found through theTutoring Services and Tutorials link at the top of the page.)In your MS Word document, below your imported graph, respond to the following:Explain how theLaws of Supply and Demandare illustrated in this graph.Describe theequilibrium price and quantityin this market.Assume that the government imposes aprice floorof $12 in the E-Book market. Explain what would happen in this market.Assume that the price floor is removed and a price ceilingis imposed at $6. Explain what would happen in this market.The price of E-Readers (used with e-Books) drops from $60 by fifty percent.Now, assume that the price of EReaders (used with EBooks) drops from $60 by fifty percent.How would this change impact the demand for E-Books? Explain your answer.Then, reconstruct your original graph to show this change and place it in your MS Word document below your explanation.The bold information is what I need assistance with…
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more