Equilibrium is where supply equals demand. In this market, the equilibrium price is: Quantity Demanded Nam Market Demand 12 Price Ying Som Fon Gob Yam 10 2. 2. 2. 10 21 4. 3. 2. 20 29 36 10 10 10 40 12 11. 10 48 -Market Supply 6 -Market Demand Quantity Suppled Apple 11 Market Supply 42 34 31 24 21 14 Pice Boom Oly Catoon Met Ka 10 10 10 10 4 4 10 20 30 40 21

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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is this 6 or 21? look at the image below. 

Equilibrium is where supply equals demand.
In this market, the equilibrium price is:
Quantity Demanded
Fon
Nam
Market
Demand
12
Price
Ying
Som
Gob
Yam
10
2.
2
4
21
26
29
10
4
5
10
36
2
5
10
10
40
1.
12
11
10
48
8.
-Market Supply
-Market Demand
Quantity Supplied
Price
10
Apple
11
Market
Supply
42
Boom
Oly
Cartoon
Kai
Mint
1
10
10
5
34
10
31
3
5
24
2
21
1
2
6
5
14
1
4
4
2
2
10
20
30
40
21
lel 2 2
Transcribed Image Text:Equilibrium is where supply equals demand. In this market, the equilibrium price is: Quantity Demanded Fon Nam Market Demand 12 Price Ying Som Gob Yam 10 2. 2 4 21 26 29 10 4 5 10 36 2 5 10 10 40 1. 12 11 10 48 8. -Market Supply -Market Demand Quantity Supplied Price 10 Apple 11 Market Supply 42 Boom Oly Cartoon Kai Mint 1 10 10 5 34 10 31 3 5 24 2 21 1 2 6 5 14 1 4 4 2 2 10 20 30 40 21 lel 2 2
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