The table shows the demand and supply schedules for Quantity supplied calculators. Quantity Price demanded (dollars per calculator) ..... (calculators per hour) If the quantity demanded of calculators decreases by 160 per hour at each price, the new price of a 320 calculator is $ 4. 2.00 280 40 4.00 240 80 Total surplus V by $ 6.00 200 120 8.00 160 160 10.00 120 200 12.00 14.00 80 240 40 280 decreases 16.00 320 increases

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Q13

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The table shows the demand and supply schedules for
Quantity
demanded
Quantity
supplied
calculators.
Price
(dollars per
calculator)
(calculators per hour)
If the quantity demanded of calculators decreases
by 160 per hour at each price, the new price of a
320
calculator is $ 4 .
2.00
280
40
4.00
240
80
Total surplus
by $
6.00
200
120
8.00
160
160
10.00
120
200
12.00
80
240
14.00
40
280
decreases
16.00
320
increases
.....
Transcribed Image Text:The table shows the demand and supply schedules for Quantity demanded Quantity supplied calculators. Price (dollars per calculator) (calculators per hour) If the quantity demanded of calculators decreases by 160 per hour at each price, the new price of a 320 calculator is $ 4 . 2.00 280 40 4.00 240 80 Total surplus by $ 6.00 200 120 8.00 160 160 10.00 120 200 12.00 80 240 14.00 40 280 decreases 16.00 320 increases .....
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