he table shows the demand and supply schedules for alculators.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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The table shows the demand and supply schedules for
calculators.
If the quantity demanded of calculators decreases
by 100 per hour at each price, the new price of a
calculator is $
Total surplus decrease by $
decreases
increases
P
Transcribed Image Text:The table shows the demand and supply schedules for calculators. If the quantity demanded of calculators decreases by 100 per hour at each price, the new price of a calculator is $ Total surplus decrease by $ decreases increases P
Price
(dollars per
calculator)
0
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
Quantity
demanded
Quantity
supplied
(calculators per hour)
400
0
350
50
300
100
250
150
200
200
150
250
100
300
50
350
0
400
Next
T
5 US
S
see
Transcribed Image Text:Price (dollars per calculator) 0 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 Quantity demanded Quantity supplied (calculators per hour) 400 0 350 50 300 100 250 150 200 200 150 250 100 300 50 350 0 400 Next T 5 US S see
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