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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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is this 6 or 21? look at the image below.
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