Please help f The table shows the demand and supply schedules forcalculators.If the quantity demanded of calculators decreasesby 100 per hour at each price, the new price of acalculator is $Total surplus decrease by $decreasesincreasesP Price(dollars percalculator)02.004.006.008.0010.0012.0014.0016.00QuantitydemandedQuantitysupplied(calculators per hour)400035050300100250150200200150250100300503500400NextT5 USSsee

Equilibrium is point where Demand is equal to supply in the market. Equilibrium price = 8 $ where…

Answered: he table shows the demand and supply…

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he table shows the demand and supply schedules for alculators.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter4: Demand, Supply, And Market Equilibrium

Section: Chapter Questions

Problem 21P

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Question

Please help f

The table shows the demand and supply schedules for
calculators.
If the quantity demanded of calculators decreases
by 100 per hour at each price, the new price of a
calculator is $
Total surplus decrease by $
decreases
increases
P

Price
(dollars per
calculator)
0
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
Quantity
demanded
Quantity
supplied
(calculators per hour)
400
0
350
50
300
100
250
150
200
200
150
250
100
300
50
350
0
400
Next
T
5 US
S
see

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