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?
Price per Ice-cream (Rs.)
140 500 1500
120 750 1200
100 1000 1000
80 1250 750
60 1500 600
40 1750 300
1 Draw the
2 What is the maximum price that consumer is willing to pay for 1500 bottles?
Step by step
Solved in 2 steps with 1 images