The table gives the demand and supply schedules for milkshakes. What is the equilibrium price of a milkshake and the equilibrium quantity of milkshakes per day? The equilibrium quantity of milkshakes is a day. The equilibrium price is $a milkshake. CID Quantity demanded per milkshake) (per day) 120 111 2 105 3 90 75 60 45 Price (dollars 4 5 6 Quantity supplied (per day) 30 45 60 75 90 105

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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The table gives the demand and supply schedules for
milkshakes.
What is the equilibrium price of a milkshake and the equilibrium quantity of milkshakes per day?
The equilibrium quantity of milkshakes is
The equilibrium price is $ a milkshake.
a day.
Price
(dollars
per milkshake)
1
23456
Quantity
demanded
(per day)
120
105-
90
75
60
45
Quantity
supplied
(per day)
30
45
60
75
90
105
Transcribed Image Text:The table gives the demand and supply schedules for milkshakes. What is the equilibrium price of a milkshake and the equilibrium quantity of milkshakes per day? The equilibrium quantity of milkshakes is The equilibrium price is $ a milkshake. a day. Price (dollars per milkshake) 1 23456 Quantity demanded (per day) 120 105- 90 75 60 45 Quantity supplied (per day) 30 45 60 75 90 105
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