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
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
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter3: Supply And Demand: Theory
Section3.3: The Market: Putting Supply And Demand Together
Problem 3ST
Related questions
Question
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fab9a139f-51a4-4a17-a1e7-49369da6faac%2F7e63bbc8-e1dd-4164-99f3-ce283da645b6%2F4ne9cyq_processed.png&w=3840&q=75)
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
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337617383/9781337617383_smallCoverImage.gif)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
![Macroeconomics](https://www.bartleby.com/isbn_cover_images/9781337617390/9781337617390_smallCoverImage.gif)
![Microeconomics](https://www.bartleby.com/isbn_cover_images/9781337617406/9781337617406_smallCoverImage.gif)
![Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337617383/9781337617383_smallCoverImage.gif)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
![Macroeconomics](https://www.bartleby.com/isbn_cover_images/9781337617390/9781337617390_smallCoverImage.gif)
![Microeconomics](https://www.bartleby.com/isbn_cover_images/9781337617406/9781337617406_smallCoverImage.gif)
![Principles of Economics 2e](https://www.bartleby.com/isbn_cover_images/9781947172364/9781947172364_smallCoverImage.jpg)
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
![Brief Principles of Macroeconomics (MindTap Cours…](https://www.bartleby.com/isbn_cover_images/9781337091985/9781337091985_smallCoverImage.gif)
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Exploring Economics](https://www.bartleby.com/isbn_cover_images/9781544336329/9781544336329_smallCoverImage.jpg)
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc