Q15 The table gives the demand and supply schedules forT-shirts.What is the equilibrium price of a T-shirt and the equilibrium quantity of T-shirts per day?The equilibrium quantity of T-shirts is a day.The equilibrium price is $a T-shirt.Price(dollarsper T-shirt)123456Quantitydemanded(per day)30252015105Quantitysupplied(per day)101520253035

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What is the equilibrium price of a T-shirt and the equilibrium quantity of T-shirts per day?

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

Q15

The table gives the demand and supply schedules for
T-shirts.
What is the equilibrium price of a T-shirt and the equilibrium quantity of T-shirts per day?
The equilibrium quantity of T-shirts is a day.
The equilibrium price is $
a T-shirt.
Price
(dollars
per T-shirt)
123456
Quantity
demanded
(per day)
30
25
20
15
10
5
Quantity
supplied
(per day)
10
15
20
25
30
35

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