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
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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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