What is the equilibrium price of a small soda? * Market Demand Schedule Price of a Number Small demanded Soda per day $0.25 $0.50 $0.75 $1.00 $1.25 $1.50 $1.75 890 500 480 470 410 350 280 $2.00 $2.25 $2.50 $2.75 240 200 150 100 $1.00 $1.25 O $1.50 O $1.75 not enough information available to determine
What is the equilibrium price of a small soda? * Market Demand Schedule Price of a Number Small demanded Soda per day $0.25 $0.50 $0.75 $1.00 $1.25 $1.50 $1.75 890 500 480 470 410 350 280 $2.00 $2.25 $2.50 $2.75 240 200 150 100 $1.00 $1.25 O $1.50 O $1.75 not enough information available to determine
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:What is the equilibrium price of a small soda? *
Market Demand
Schedule
Price of a
Number
Small
demanded
Soda
per day
$0.25
$0.50
$0.75
$1.00
890
500
480
470
$1.25
$1.50
$1.75
410
350
280
$2.00
$2.25
240
200
$2.50
$2.75
150
100
O $1.00
$1.25
$1.50
$1.75
not enough information available to determine
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