Price per Anti-virus Software Quantity Demand Quantity Supply 11$ 1 million Anti-virus software 15 million Anti-virus software 10 2 12 9 4 9 8 6 6 7 8 3 6 10 1 Questions: What are the equilibrium price and quantity of Anti-virus software? Explain with graph.

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
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A recent study found that the demand and supply schedules for Anti-virus software are as follows:

Price per Anti-virus Software Quantity Demand Quantity Supply
11$ 1 million Anti-virus software 15 million Anti-virus software
10 2 12
9 4 9
8 6 6
7 8 3
6 10 1

Questions:

What are the equilibrium price and quantity of Anti-virus software? Explain with graph.

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