Finding Market Clearing Price on a Graph
Name: ________________________
Class: ________________________
Date: ________________________
Directions: Use the tables below to create a graph. Label the Demand curve with a D, the
supply line with an S, and Market Clearing Price with MCP. Also remember to label all parts
of the graph. Write the Market Clearing Price on the right side by your graph.
1.
Price Per Stick
$50
$100
$150
$200
$250
2.
Price Per Helmet
$10
$15
$20
$25
$30
Demand and Supply for Hockey Sticks
Number of Sticks People
Number of Sticks People
Want to Buy
Want to Sell
10
2
7
3
5
5
3
9
1
13
Demand and Supply for Helmets
Number of Helmets People Number of Helmets People
Want to Buy
Want to Sell
20
5
17
7
15
9
12
12
7
20
3.
Price Per Pair of Gloves
$3
$6
$9
$12
$15
4.
Price Per Pair of Stakes
$200
$300
$400
$500
Demand and Supply of Gloves
Number of Gloves People
Number of Gloves People
Want to Buy
Want to Sell
10
0
7
3
5
5
3
7
1
10
Demand and Supply of Skates
Number of Skates People
Number of Skates People
Want to Buy
Want to Sell
9
3
6
6
3
9
1
13