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The equilibrium price in this market is s 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 ar surplus and whether this places upward or downward pressure on prices. Price Shortage or Surplus Amount (Dollars per keyboard) Shortage or Surplus (Keyboards) Pressure 48 32

The equilibrium price in this market is s 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 ar surplus and whether this places upward or downward pressure on prices. Price Shortage or Surplus Amount (Dollars per keyboard) Shortage or Surplus (Keyboards) Pressure 48 32

ECON MACRO
ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter4: Demand, Supply, And Markets
Section: Chapter Questions
Problem 6.11P
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The equilibrium price in this market is s 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 48 32
Transcribed Image Text:The equilibrium price in this market is s 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 48 32
PRICE (Dollars per keyboard) Graph Input Tool Market for Keyboards Supply Price (Dollars per keyboard) 24 04 56 Quantity Demanded (Keyboards) Quantity Supplied (keyboavds 500 150 40 32 Demand 24 16 50 100 150 200 250 300 30 400 40 s00 QUANTITY (Keyboarde)
Transcribed Image Text:PRICE (Dollars per keyboard) Graph Input Tool Market for Keyboards Supply Price (Dollars per keyboard) 24 04 56 Quantity Demanded (Keyboards) Quantity Supplied (keyboavds 500 150 40 32 Demand 24 16 50 100 150 200 250 300 30 400 40 s00 QUANTITY (Keyboarde)
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