Price Quantity Demanded Quantity Supplied $3.00 225 0 $6.00 200 20 $9.00 175 40 $12.00 150 60 $15.00 125 80 $18.00 100 100 $21.00 75 120 $24.00 50 140 $27.00 25 160 The demand and supply schedules for hats are above. Plot both in the area below. Find the equilibrium price and quantity.
Price Quantity Demanded Quantity Supplied $3.00 225 0 $6.00 200 20 $9.00 175 40 $12.00 150 60 $15.00 125 80 $18.00 100 100 $21.00 75 120 $24.00 50 140 $27.00 25 160 The demand and supply schedules for hats are above. Plot both in the area below. Find the equilibrium price and quantity.
Chapter3: Supply And Demand: Theory
Section: Chapter Questions
Problem 1WNG
Related questions
Question
Question 1:
|
Price |
Quantity Demanded |
Quantity Supplied |
|
$3.00 |
225 |
0 |
|
$6.00 |
200 |
20 |
|
$9.00 |
175 |
40 |
|
$12.00 |
150 |
60 |
|
$15.00 |
125 |
80 |
|
$18.00 |
100 |
100 |
|
$21.00 |
75 |
120 |
|
$24.00 |
50 |
140 |
|
$27.00 |
25 |
160 |
The demand and supply schedules for hats are above. Plot both in the area below. Find the
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