Price (dollars per sandwich) 0 869SAWN- 2 3 4 5 7 Quantity supplied (sandwiches per week) 0 Quantity demanded 400 350 300 250 200 150 100 50 0 3. If the quantity demanded decreases by 100 sandwiches an hour at each price, what is the equilibrium price and quantity in the market given this shift in demand? 50 100 150 200 250 300 350 400

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter5: Supply, Demand, And Price: Applications
Section: Chapter Questions
Problem 4WNG
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Price
(dollars per
sandwich)
0
|
2345678
2
4
5
6
7
Quantity
supplied
(sandwiches per week)
0
Quantity
demanded
400
350
300
250
200
150
100
50
0
3. If the quantity demanded decreases by 100 sandwiches an hour at each price, what
is the equilibrium price and quantity in the market given this shift in demand?
50
100
150
200
250
300
350
400
Transcribed Image Text:Price (dollars per sandwich) 0 | 2345678 2 4 5 6 7 Quantity supplied (sandwiches per week) 0 Quantity demanded 400 350 300 250 200 150 100 50 0 3. If the quantity demanded decreases by 100 sandwiches an hour at each price, what is the equilibrium price and quantity in the market given this shift in demand? 50 100 150 200 250 300 350 400
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