Quantity DemandedQuantity SuppliedPrice per Pair ofRunning Shoes$45.0010040$75.008050$100.006060$126.00$150.0040702080What is the market equilibrium price for running shoes?$75$115$125$100

here we conclude the equilibrium price and choose the correct option so the explanation of the…

Price per Pair of Running Shoes $45.00 376 00 Quantity Demanded Quantity Supplied 100 40 80 60 S100.00 60 60 3126 00 3150.00 40 70 20 80 What is the market equilibrium price for running shoes? $75 $115 $125 $100

Price per Pair of Running Shoes $45.00 376 00 Quantity Demanded Quantity Supplied 100 40 80 60 S100.00 60 60 3126 00 3150.00 40 70 20 80 What is the market equilibrium price for running shoes? $75 $115 $125 $100

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

Quantity Demanded
Quantity Supplied
Price per Pair of
Running Shoes
$45.00
100
40
$75.00
80
50
$100.00
60
60
$126.00
$150.00
40
70
20
80
What is the market equilibrium price for running shoes?
$75
$115
$125
$100

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