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

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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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 market for automobile antifreeze is ______ .

If the external costs per gallon of antifreeze is $2, the socially optimal quantity of antifreeze is _________ .

 

 

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