Creating a Supply and Demand Graph in Google Sheets

This video tutorial guides viewers through creating a simple supply and demand graph using Google Sheets. It covers setting up data, inserting a chart, and customizing graph elements like titles and axes. The tutorial also explains how to modify demand and supply curves and finalize the graph with additional customization options.

What is the main focus of the video tutorial?

• Designing a presentation in Google Slides

• Learning advanced Excel functions

• Making a supply and demand graph in Google Sheets

• Creating a budget in Google Sheets

What are the two main variables used in the supply and demand graph?

• Profit and Loss

• Supply and Demand

• Cost and Revenue

• Price and Quantity

What should you do after setting up the data for quantity demanded and supplied?

• Print the sheet

• Share the document

• Save the file

• Insert a chart

What is the first step in customizing the chart in Google Sheets?

• Changing the chart type

• Adding a title

• Adjusting the axis labels

• Inserting data points

How can you modify the demand curve in the graph?

• By adding more data points

• By changing the axis labels

• By adjusting the prices

• By changing the chart type

What happens when you change the quantities in the data?

• The chart type changes

• The graph remains the same

• The supply curve adjusts

• The demand curve adjusts

What is the significance of the point where the supply and demand curves cross?

• It represents the total revenue

• It shows the equilibrium price

• It marks the lowest quantity

• It indicates the highest price

What can you do to make the graph more specific?

• Change the sheet name

• Adjust the major and minor ticks

• Add more data points

• Change the chart type

Which part of the graph can be removed for better clarity?

• The axis labels

• The data points

• The legend

• The title

What is a limitation of Google Sheets compared to Microsoft Excel?

• It cannot create graphs

• It does not support data entry

• It has fewer customization options

• It cannot save files