Price Quantitiy Demanded Quantitly Supplied 200 60 110 150 80 100 95 60 50 50 110 Using the data in the table above, the equilibrium quantity is and equilibrium price is At a price of 100 there will be a (write either shortage or surplus) of 888
Price Quantitiy Demanded Quantitly Supplied 200 60 110 150 80 100 95 60 50 50 110 Using the data in the table above, the equilibrium quantity is and equilibrium price is At a price of 100 there will be a (write either shortage or surplus) of 888
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Price Quantitiy Demanded Quantitiy Supplied
200
60
110
150
80
80
100
95
60
50
110
50
Using the data in the table above, the equilibrium quantity is
and equilibrium price is
At a price of 100 there will be a (write either shortage or surplus)
of
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