8. Let (inverse) demand be Pb = 85 and (inverse) supply be Pv = 6 + 16 Qv. How much are buyers willing to purchase at price above $ 85 per unit? Answer: your answer Submit Price ($) $1400 $1200 $1000 $800 $ 600 $400 $200 $0 -O 0 10 20 Demand 30 40 Supply 50 Eqm cooooooooooo....... 60 70 80 B000 90

8. Let (inverse) demand be Pb = 85 and (inverse) supply be Pv = 6 + 16 Qv. How much are buyers willing to purchase at price above $ 85 per unit? Answer: your answer Submit Price ($) $1400 $1200 $1000 $800 $ 600 $400 $200 $0 -O 0 10 20 Demand 30 40 Supply 50 Eqm cooooooooooo....... 60 70 80 B000 90

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter5: Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 1.1P: (Calculating Price Elasticity of Demand) Suppose that 50 units of a good are demanded at a price of...

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Question

8.
Let (inverse) demand be Pb = 85 and (inverse) supply be Pv = 6 + 16 Qv. How much are buyers
willing to purchase at price above $ 85 per unit?
Answer: your answer
Submit
Price ($)
$ 1400
$ 1200
$ 1000
$800
$ 600
$400
$200
$0
-O
10
20
Demand
30
40
Supply
50
Quantity
Eqm
60
70
80
90

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