Chapter 1.4, Problem 27P

To determine

(a)

To identify:

Which table represents which curve and explain reason for the same.

To determine

(b)

To identify:

Number of items consumers purchase at a price of $155.

To determine

(c)

To identify:

Number of items manufacturers supply at a price of $155.

To determine

(d)

To identify:

Whether the market pushes prices higher or lower than $155.

To determine

(e)

To identify:

The price if you wanted manufacturers to supply atleast 20 items.

To determine

(f)

To identify:

The price if you wanted consumers to buy atleast 20 items.