Market Quantity New Market Quantity Supplied Demanded Price(per Supplied Quantity Quantity Supplied Supplied Quantity Market Hour) (- Ann + Bob + Quantity by Ann by Bob by Carlos Carlos) $50 94 35 19 148 45 93 33 14 140 8 40 90 30 10 130 11 35 81 27 6 114 16 30 68 20 2 90 22 25 50 12 62 30 20 32 7 39 39 15 20 20 47 10 10 10 57 What would the new equilibrium price of tutoring services be if Ann decided to stop tutoring? $ per hour
Market Quantity New Market Quantity Supplied Demanded Price(per Supplied Quantity Quantity Supplied Supplied Quantity Market Hour) (- Ann + Bob + Quantity by Ann by Bob by Carlos Carlos) $50 94 35 19 148 45 93 33 14 140 8 40 90 30 10 130 11 35 81 27 6 114 16 30 68 20 2 90 22 25 50 12 62 30 20 32 7 39 39 15 20 20 47 10 10 10 57 What would the new equilibrium price of tutoring services be if Ann decided to stop tutoring? $ per hour
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Question attached
![Market
Quantity
New
Market
Quantity
Supplied Demanded
Price(per Supplied
Quantity Quantity
Supplied Supplied
Quantity
Market
Hour)
(- Ann +
Bob +
Quantity
by Ann
by Bob
by Carlos
Carlos)
$50
94
35
19
148
45
93
33
14
140
8
40
90
30
10
130
11
35
81
27
6
114
16
30
68
20
2
90
22
25
50
12
62
30
20
32
7
39
39
15
20
20
47
10
10
10
57
What would the new equilibrium price of tutoring services be if Ann decided to stop tutoring?
$ per hour](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3d664061-773b-4f5c-9879-bc777d72f37f%2F3068daf3-afe1-46dc-a3af-2168de351727%2Feshm068_processed.png&w=3840&q=75)
Transcribed Image Text:Market
Quantity
New
Market
Quantity
Supplied Demanded
Price(per Supplied
Quantity Quantity
Supplied Supplied
Quantity
Market
Hour)
(- Ann +
Bob +
Quantity
by Ann
by Bob
by Carlos
Carlos)
$50
94
35
19
148
45
93
33
14
140
8
40
90
30
10
130
11
35
81
27
6
114
16
30
68
20
2
90
22
25
50
12
62
30
20
32
7
39
39
15
20
20
47
10
10
10
57
What would the new equilibrium price of tutoring services be if Ann decided to stop tutoring?
$ per hour
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