The equilibrium price in this market is per keyboard, and the equilibrium quantity is keyboards bought and sold per month. Complete the following table by indicating at each price whether there is a shortage or surplus in the market, the amount of that shortage or surplus and whether this places upward or downward pressure on prices. Price Shortage or Surplus Amount (Keyboards) (Dollars per keyboard) Shortage or Surplus Pressure 40 60
The equilibrium price in this market is per keyboard, and the equilibrium quantity is keyboards bought and sold per month. Complete the following table by indicating at each price whether there is a shortage or surplus in the market, the amount of that shortage or surplus and whether this places upward or downward pressure on prices. Price Shortage or Surplus Amount (Keyboards) (Dollars per keyboard) Shortage or Surplus Pressure 40 60
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Homework (Ch 04)
The following graph shows the monthly demand and supply curves in the market for keyboards.
Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph.
Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly.
Graph Input Tool
(?)
100
Market for Keyboards
Price
(Dollars per
keyboard)
40
80
Supply
Quantity
Demanded
(Keyboards)
70
Quantity Supplied
(Keyboards)
300
125
60
50
40
30
Demand
20
10
0 50 100 150 200 250 300 350 400 450 500
QUANTITY (Keyboards)
The equilibrium price in this market is $
per keyboard, and the equilibrium quantity is
keyboards bought and sold per month.
Complete the following table by indicating at each price whether there is a shortage or surplus in the market, the amount of that shortage or surplus,
and whether this places upward or downward pressure on prices.
Price
Shortage or Surplus Amount
(Dollars per keyboard)
Shortage or Surplus
(Keyboards)
Pressure
40
60
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PRICE (Dollars per keyboard)
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