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    1 Draw the market equilibrium for Ice cream. 2 What is the maximum price that consumer is willing to pay for 1500 bottles?

Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter3: Supply And Demand: Theory
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 

 

Draw the market equilibrium for Ice cream.

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

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