Module 5 chp 24 number 14 part a

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

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

View Full Document Right Arrow Icon
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:
Background image of page 1

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

View Full DocumentRight Arrow Icon
Background image of page 2
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

This note was uploaded on 08/04/2011 for the course ECN 601 taught by Professor Professor during the Spring '10 term at Grand Canyon.

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 Right Arrow Icon
Ask a homework question - tutors are online