Suppose the table below shows the
Price ($) Quantity Demanded Quantity Supplied
200 9500 8500
300 9000 9000
400 8500 9500
500 8000 10000
a. Use the data above to draw the
conditioners.
b. What are the
c. A new wave of immigration in the country increases the number of customers
looking for air conditioners. The following table shows the additional demand.
Price ($) Quantity Demanded
200 1500
300 1000
400 500
500 250
600 0
Combine the old and new demand schedules and find the new equilibrium price and
equilibrium quantity.
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