Lec2b - Clicker Questions on Demand and Supply If price is...

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Unformatted text preview: Clicker Questions on Demand and Supply If price is $32, how many units will be supplied? Seller Cost # Suppliers $10 20 3% un its 0 un i 30 un i 10 ts 1% ts 0% ts 20 units 10 units 30 units 0 units un i 1. 2. 3. 4. 95% 10 20 $30 If price is $10, how many units will be demanded? Buyer Value # Demanders $20 11 $40 21 1% ts un i 32 un i ts 1% ts un i 11 un its 2% 21 0 units 11 units 21 units 32 units 0 1. 2. 3. 4. 96% If price is $30, how many units will be demanded? Buyer Value # Demanders $20 11 $40 21 4% ts un i 32 un i ts 0% ts un i 11 un its 1% 21 0 units 11 units 21 units 32 units 0 1. 2. 3. 4. 95% And now back to our lecture… ...
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This note was uploaded on 12/25/2011 for the course ECON 1 taught by Professor Bergstrom during the Fall '07 term at UCSB.

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Lec2b - Clicker Questions on Demand and Supply If price is...

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