The table shows the demand and supply schedules for Quantity supplied calculators. Quantity Price demanded (dollars per calculator) ..... (calculators per hour) If the quantity demanded of calculators decreases by 160 per hour at each price, the new price of a 320 calculator is $ 4. 2.00 280 40 4.00 240 80 Total surplus V by $ 6.00 200 120 8.00 160 160 10.00 120 200 12.00 14.00 80 240 40 280 decreases 16.00 320 increases

The table shows the demand and supply schedules for Quantity supplied calculators. Quantity Price demanded (dollars per calculator) ..... (calculators per hour) If the quantity demanded of calculators decreases by 160 per hour at each price, the new price of a 320 calculator is $ 4. 2.00 280 40 4.00 240 80 Total surplus V by $ 6.00 200 120 8.00 160 160 10.00 120 200 12.00 14.00 80 240 40 280 decreases 16.00 320 increases

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter3: Demand And Supply

Section: Chapter Questions

Problem 53P: Table 3.8 shows information on the demand and supply for bicycles, where the quantities of bicycles...

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