of a decrease in income? 4- Refer to the table below for the following question. Table 1 Price per Quantity Demanded Quantity Supplied (Garderburgers per Month) Gardenburger (Garderburgers per Month) $6 1,100 650 8. 1,000 700 10 900 750 12 800 800 14 700 850 4- Refer to Table 1 The table shows the demand and supply schedules for shampoo. a) What is the equilibrium price? b) What is the equilibrium quantity? c) What happen in the market when the price is $14, Explain? d) What happen in the market when the price is $8, Explain? 5-

of a decrease in income? 4- Refer to the table below for the following question. Table 1 Price per Quantity Demanded Quantity Supplied (Garderburgers per Month) Gardenburger (Garderburgers per Month) $6 1,100 650 8. 1,000 700 10 900 750 12 800 800 14 700 850 4- Refer to Table 1 The table shows the demand and supply schedules for shampoo. a) What is the equilibrium price? b) What is the equilibrium quantity? c) What happen in the market when the price is $14, Explain? d) What happen in the market when the price is $8, Explain? 5-

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter3: Demand Analysis

Section: Chapter Questions

Problem 4E

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