6 Complete the following tableMarket demand and supply schedule for CranberriesQuantityQuantityDemandedsuppliedSPrice($ perKg)2502001.51.5D0123443210+ OR-S-D??????????PRICETENDENCY??????????

* When Supply (S) is greater than Demand (D) or (S>D), this situation is called excess supply. In…

Answered: Complete the following table Market…

Complete the following table Market demand and supply schedule for Cranberries Price($ per Quantity Quantity Demanded Kg) supplied S 250 200 D 0 1 4 3 + OR- S-D ?? ?? PRICE TENDENCY ?? ??

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Complete the following table
Market demand and supply schedule for Cranberries
Quantity
Quantity
Demanded
supplied
S
Price($ per
Kg)
250
200
1.5
1
.5
D
0
1
2
3
4
4
3
2
1
0
+ OR-
S-D
??
??
??
??
??
PRICE
TENDENCY
??
??
??
??
??

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