The schedule below shows the supply and demand for movie tickets. What is the equilibrium quantity and price?

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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The schedule below shows the supply and demand for movie tickets. What is the
equilibrium quantity and price?
Price per Ticket Quantity Demanded Quantity Supplied
$5.00
20
16
$6.00
18
18
$7.00
16
20
$8.00
15
21
$9.00
14
22
Provide your answer below:
q =| p
= $[
Transcribed Image Text:The schedule below shows the supply and demand for movie tickets. What is the equilibrium quantity and price? Price per Ticket Quantity Demanded Quantity Supplied $5.00 20 16 $6.00 18 18 $7.00 16 20 $8.00 15 21 $9.00 14 22 Provide your answer below: q =| p = $[
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