small beach are shown below. Market for Sunscreen Price (dollars per bottle) Quantity of Sunscreen Demanded (bottles) Quantity of Sunscreen Supplied (bottles) $30 1,400 8,900 25 2,400 7,400 20 3,400 5,900 15 4,400 4,400 10 5,400 2,900 5 6,400 1,400 Instructions: Enter your answers as a whole number. a. If the price is $25 per bottle, how many bottles of sunscreen are demanded and supplied in equilibrium? Qd = ______ bottles Qs = ______ bottles In this case, there would be ___
The
Market for Sunscreen
$30 1,400 8,900
25 2,400 7,400
20 3,400 5,900
15 4,400 4,400
10 5,400 2,900
5 6,400 1,400
Instructions: Enter your answers as a whole number.
a. If the price is $25 per bottle, how many bottles of sunscreen are demanded and supplied in equilibrium?
Qd = ______ bottles
Qs = ______ bottles
In this case, there would be ________ (no, downward, upward) pressure on the price.
b. What is the
P = $_______
Q = ________ bottles
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