Suppose that the demand and supply schedules for raisins in South Carolina are as fallows, quantities are measured in millions of packs per month. What is the quantity of raisins bought if the price is 50 cents ? Price (cents per pack) Quantity demanded 20                                    180 30                                    160 40                                    140 50                                    120 60                                    100 70                                     80 80                                     60 a) 120 b) 180 c) 100

Managerial Economics: A Problem Solving Approach
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Chapter8: Understanding Markets And Industry Changes
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Suppose that the demand and supply schedules for raisins in South Carolina are as fallows, quantities
are measured in millions of packs per month. What is the quantity of raisins bought if the price is 50
cents ?

Price (cents per pack) Quantity demanded
20                                    180
30                                    160
40                                    140
50                                    120
60                                    100
70                                     80
80                                     60

a) 120
b) 180
c) 100

 

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