Answered: Per Pair Demanded Supplied $2 18 3 $4…

Per Pair Demanded Supplied $2 18 3 $4 14 4 $6 10 5 $8 6 6 $10 2 8 In supply and demand schedules in Figure 3-10, the equilibrium price of a pair of socks is $10 $6 $4 O $8 O $2

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Per Pair
Demanded
Supplied
$2
18
3
$4
14
4
$6
10
5
$8
6
6
$10
2
8
In supply and demand schedules in Figure 3-10, the equilibrium price of a
pair of socks is
$10
O $6
$4
O $8
$2

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