Price -------------------------------- $4
--------------$5 ----------------- $6 ------------------ $7
---------------- $8 ------------------ $9
Quantity Demanded ------------135 -------------104
----------------- 81 ------------------ 68 ---------------- 53
------------------39
Quantity Supplied --------------- 26 -------------- 53
----------------- 81 ------------------ 98 ---------------- 110
---------------121
1. What's the equilibrium
price? How did you get it?
2. At $5, is there a shortage or a
surplus? How much? How can you tell?
Price -------------------------------- $4 --------------$5 ----------------- $6 ------------------ $7 ---------------- $
-
answerhappygod
- Site Admin
- Posts: 899604
- Joined: Mon Aug 02, 2021 8:13 am
Price -------------------------------- $4 --------------$5 ----------------- $6 ------------------ $7 ---------------- $
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