The table contains information on the price per month and the monthly demand and supply of online music streaming subscriptions. Price Quantity demanded (thousands) Quantity supplied (thousands) $10.20 260 190 $10.40 220 220 $10.60 170 290 $10.80 90 420 What is the quantity demanded at $10.60? Quantity demanded is 170 thousand subscription What is the quantity supplied at $10.60? Quantity supplied is 290 thousand subscription At what price is the quantity supplied equal to 190,000? $

The table contains information on the price per month and the monthly demand and supply of online music streaming subscriptions. Price Quantity demanded (thousands) Quantity supplied (thousands) $10.20 260 190 $10.40 220 220 $10.60 170 290 $10.80 90 420 What is the quantity demanded at $10.60? Quantity demanded is 170 thousand subscription What is the quantity supplied at $10.60? Quantity supplied is 290 thousand subscription At what price is the quantity supplied equal to 190,000? $

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

The table contains information on the price per month and the monthly demand and supply of online music streaming
subscriptions.
Price
Quantity demanded (thousands)
Quantity supplied (thousands)
$10.20
260
190
$10.40
220
220
$10.60
170
290
$10.80
90
420
What is the quantity demanded at $10.60?
Quantity demanded is
170
thousand subscriptions
What is the quantity supplied at $10.60?
Quantity supplied is
290
thousand subscriptions
At what price is the quantity supplied equal to 190,000?
%24

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