Attempts 12 Market Equilibrium And Disequilibrium The Following Graph Shows The Monthly Demand And Supply Curves In The 1 (24.87 KiB) Viewed 12 times
Attempts 12 Market Equilibrium And Disequilibrium The Following Graph Shows The Monthly Demand And Supply Curves In The 2 (22.2 KiB) Viewed 12 times
Attempts 12. Market equilibrium and disequilibrium The following graph shows the monthly demand and supply curves in the market for calendars PRICE (Dollars per calendar) Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly Note: Once 4 322233RR 2 50 AS -30 ܀ 20 Keep the Highest/2 0 Supply Depand " Graph Input Tool Market for Calendars Price (Dollars per calendar) Quantity Demanded (Calendar) 20 310 Quantity Supplied (Calendar) 190
PRICE (De 20 10 Demand 50 100 150 200 250 300 350 400 450 500 QUANTITY (Calendars) The equilibrium price in this market is $50 per calendar, and the equilibrium quantity is 250 calendars Bought and sold per month. Complete the following table by indicating at each price whether there is a shortage or surplus in the market, the amount of that shortage or surplus, and whether this places upward or downward pressure on prices. Price (Dollars per calendar) Shortage or Surplus 40 Surplus 60 Shortage or Surplus Amount (Calendars) Pressure Downward Grade It Now Save & Continue
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!