Lizzy and Kris are both grade 11 students who are taking up ABM as their specialization. As part of their Applied Economics subject an experiment was given to them to find the equilibrium quantity and price of Buko Juice in their school canteen. During the said experiment the following data were collected by Lizzy and Kris. Fill out the missing information and find out the Equilibrium Price and Quantity by drawing its market equilibrium curve.
Lizzy and Kris are both grade 11 students who are taking up ABM as their specialization. As part of their Applied Economics subject an experiment was given to them to find the equilibrium quantity and price of Buko Juice in their school canteen. During the said experiment the following data were collected by Lizzy and Kris. Fill out the missing information and find out the Equilibrium Price and Quantity by drawing its market equilibrium curve.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Directions: Provide what is asked in each number.
1. Lizzy and Kris are both grade 11 students who are taking up ABM as
their specialization. As part of their Applied Economics subject an
experiment was given to them to find the
of Buko Juice in their school canteen. During the said experiment the
following data were collected by Lizzy and Kris. Fill out the missing
information and find out the
its
Transcribed Image Text:Demand Demand Market
Supply Supply Market
Supply
No.
Price
1
2
Demand
1
2
1.
3
10
13
1
2.
5
8
10
4
3
3.
7
4.
10
4
3
8
5.
15
1
11
12
6.
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