Consider the following table: Price of a box of spaghetti Quantity Demanded Quantity Supplied $0.50$0.50 3030 77 $0.75$0.75 2020 1010 $0.99$0.99 1212 1212 $1.50$1.50 88 1717 Based on this information, what is the equilibrium price and quantity for a box of spaghetti? If necessary, round equilibrium price to the nearest cent and round equilibrium quantity to the nearest whole number.
Consider the following table: Price of a box of spaghetti Quantity Demanded Quantity Supplied $0.50$0.50 3030 77 $0.75$0.75 2020 1010 $0.99$0.99 1212 1212 $1.50$1.50 88 1717 Based on this information, what is the equilibrium price and quantity for a box of spaghetti? If necessary, round equilibrium price to the nearest cent and round equilibrium quantity to the nearest whole number.
Chapter3: Supply And Demand: Theory
Section: Chapter Questions
Problem 1WNG
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Consider the following table:
Price of a box of spaghetti | Quantity Demanded | Quantity Supplied |
---|---|---|
$0.50$0.50 | 3030 | 77 |
$0.75$0.75 | 2020 | 1010 |
$0.99$0.99 | 1212 | 1212 |
$1.50$1.50 | 88 | 1717 |
Based on this information, what is the
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