According to the graph above, what is the quantity supplied and quantity demanded at $50 QS= 120 and QD=100 QS= 120 and QD=120 O QS= 100 and QD=120 QS= 100 and QD=100
According to the graph above, what is the quantity supplied and quantity demanded at $50 QS= 120 and QD=100 QS= 120 and QD=120 O QS= 100 and QD=120 QS= 100 and QD=100
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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According to the graph above, what is the quantity supplied and quantity

Transcribed Image Text:Market for smartphone data plans
120
110
100
S
90
Price Floor
80
70
60
Market Price
50
40
30
20
Price Ceiling
10
20
60
100
140
180
220
Price
20

Transcribed Image Text:According to the graph above, what is the quantity supplied and quantity demanded at $50
O QS= 120 and QD=100
O QS= 120 and QD=120
O QS= 100 and QD=120
O QS= 100 and QD=100
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