Price per gallon Quantity demanded (gallons) Quantity supplied (gallons) 1 700 300 2 600 400 3 500 500 4 400 600 5 300 700 6 200 800 7 100 900 8 0 1000 The market equilibrium quantity in the
Price per gallon Quantity demanded (gallons) Quantity supplied (gallons) 1 700 300 2 600 400 3 500 500 4 400 600 5 300 700 6 200 800 7 100 900 8 0 1000 The market equilibrium quantity in the
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Price per gallon |
Quantity demanded (gallons) |
Quantity supplied (gallons) |
---|---|---|
1 |
700 |
300 |
2 |
600 |
400 |
3 |
500 |
500 |
4 |
400 |
600 |
5 |
300 |
700 |
6 |
200 |
800 |
7 |
100 |
900 |
8 |
0 |
1000 |
The market
If the external costs per gallon of antifreeze is $2, the socially optimal quantity of antifreeze is _________ .
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