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Price per kilo ($) 20 19 (80,21) 18 14 222222765132 11 10 9 8 7 6 5 0 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 5808590 Quantity per week (in kilos) S D For the halibut market, fill in the table below showing the amount of surplus (+) or shortage (-) at each price. Note:Remember to include a minus sign (-) to indicate a shortage in the table below. Price per kilo ($) 10 12 14 16 18 20 22 Surplus (+) or Shortage (-) 0

Price per kilo ($) 20 19 (80,21) 18 14 222222765132 11 10 9 8 7 6 5 0 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 5808590 Quantity per week (in kilos) S D For the halibut market, fill in the table below showing the amount of surplus (+) or shortage (-) at each price. Note:Remember to include a minus sign (-) to indicate a shortage in the table below. Price per kilo ($) 10 12 14 16 18 20 22 Surplus (+) or Shortage (-) 0

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter5: Elasticity
Section: Chapter Questions
Problem 7SCQ: What would the gasoline price elasticity of supply mean to UPS or FedEx?
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Price per kilo ($) 20 19 (80,21) 18 14 222222765132 11 10 9 8 7 6 5 0 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 5808590 Quantity per week (in kilos) S D For the halibut market, fill in the table below showing the amount of surplus (+) or shortage (-) at each price. Note:Remember to include a minus sign (-) to indicate a shortage in the table below. Price per kilo ($) 10 12 14 16 18 20 22 Surplus (+) or Shortage (-) 0
Transcribed Image Text:Price per kilo ($) 20 19 (80,21) 18 14 222222765132 11 10 9 8 7 6 5 0 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 5808590 Quantity per week (in kilos) S D For the halibut market, fill in the table below showing the amount of surplus (+) or shortage (-) at each price. Note:Remember to include a minus sign (-) to indicate a shortage in the table below. Price per kilo ($) 10 12 14 16 18 20 22 Surplus (+) or Shortage (-) 0
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