1. Plot the graph of the demand and supply schedule below, determine the equilibrium quantity and equilibrium price, and label each curve. Supply & Demand Schedule for Rice Price per Kilo (in Quantity Supplied (in Quantity Demanded pesos) kg) (in kg) 39 100 350 44 150 300 46 200 200 48 250 150 50 300 100 52 350 50 As shown in Table above, plot the hypothetical supply and demand schedule for rice at various prices. Based from the given variables, determine the following. 1. Equilibrium Price (EP) 2. Equilibrium Quantity Supplied (EQS ) 3. Equilibrium Quantity Demanded (EQD)

1. Plot the graph of the demand and supply schedule below, determine the equilibrium quantity and equilibrium price, and label each curve. Supply & Demand Schedule for Rice Price per Kilo (in Quantity Supplied (in Quantity Demanded pesos) kg) (in kg) 39 100 350 44 150 300 46 200 200 48 250 150 50 300 100 52 350 50 As shown in Table above, plot the hypothetical supply and demand schedule for rice at various prices. Based from the given variables, determine the following. 1. Equilibrium Price (EP) 2. Equilibrium Quantity Supplied (EQS ) 3. Equilibrium Quantity Demanded (EQD)

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter4: Supply And Demand: An Initial Look

Section: Chapter Questions

Problem 3TY

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