26 28 280 345 30 235 365 17. The equilibrium price in this market is (a) $22 (回) 24 (c) $26 (d) $28

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Answer Questions 17, 18, and 19 on the basis of the data
in the following table. Consider the following supply and
demand schedules for bushels of com.
Quantity
demanded
Quantity
supplied
Price
$20
395
200
22
375
250
24
350
290
26
320
320
28
280
345
30
295
365
17. The equilibrium price in this market is
(a) $22
回)24
(回 $26
(の $28
Transcribed Image Text:Answer Questions 17, 18, and 19 on the basis of the data in the following table. Consider the following supply and demand schedules for bushels of com. Quantity demanded Quantity supplied Price $20 395 200 22 375 250 24 350 290 26 320 320 28 280 345 30 295 365 17. The equilibrium price in this market is (a) $22 回)24 (回 $26 (の $28
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