BUS Assignment A2

BUS Assignment A2 - DVDs d At what price you find surplus...

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Price Quantity Demanded Quantity Supplied 3 29 17 4 26 18 5 24 21 6 22 22 7 19 27 8 15 31 9 10 36
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b) What is the equilibrium quantity and supply of DVD's? 22 when because demanded=supplied c) What is the equilibrium price of DVD's? 6 dollars when demanded=supplied d) Would the price of $4 create a surplus or shortages of DVD's and by how much? Shortages by 8
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Unformatted text preview: DVDs. d) At what price you find surplus of DVD's by 8? At 7 dollars , it surplus by 8 DVDs. e) What happens to the demand for DVD's if the income of the people increases? The demand will increase if the income of the people increases f) Show this difference on the same graph....
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BUS Assignment A2 - DVDs d At what price you find surplus...

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