Price per Ice-cream (Rs.)         Demand for Ice cream (Qd)   Supply for Ice cream (Qs) 140                                                               500                            1500                   120                                                               750                              1200                  100                                                              1000                          1000                     80                                                                1250                            750                   60                                                                1500                        600                      40                                                                1750                    300   What is the maximum price that consumer is willing to pay for 1500 bottles?  What is the minimum price that producer is willing to accept for 1500 bottles?

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
ChapterP2: Microeconomics Fundamentals
Section: Chapter Questions
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Price per Ice-cream (Rs.)         Demand for Ice cream (Qd)   Supply for Ice cream (Qs)

140                                                               500                            1500                  

120                                                               750                              1200                 

100                                                              1000                          1000                    

80                                                                1250                            750                  

60                                                                1500                        600                     

40                                                                1750                    300

 

What is the maximum price that consumer is willing to pay for 1500 bottles?

 What is the minimum price that producer is willing to accept for 1500 bottles? 

kindly solve both parts.

 

                      

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