{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Module 5 chp 24 number 14 part a

# Module 5 chp 24 number 14 part a - IN the above example at...

This preview shows pages 1–2. Sign up to view the full content.

What is the equilibrium price and quantity? Price Quantity Supplied Quantity Demanded 20 30 0 18 25 5 16 20 10 14 15 15 12 10 20 10 5 25 8 0 30 Solution: Equilibrium price & quantity occurs at the point where quantity demanded is equal to quantity supplie

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: IN the above example, at a price of \$14, the quantity supplied equals the quantity demanded of 15 u Therefore, Equilibrium price = \$14 Equilibrium quantity = 15 units ied. units....
View Full Document

{[ snackBarMessage ]}

### Page1 / 2

Module 5 chp 24 number 14 part a - IN the above example at...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online