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-

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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