Kateara CarrHCA 303Chp.10Week 8
c. How many doses will customers want to buy if the price is $2?
d. How many doses will the suppliers want to sell if the price is $2?
e. Is there excess supply or excess demand at $2?
f. What is the equilibrium price?
10.4 The table contains demand and supply data for eyeglasses in a local market.a. At $280, how many pairs will consumers want to buy?
b. How many pairs will consumers want to buy if the price is $290?
c. How many pairs will the stores want to sell at $290?
d. Is $290 the equilibrium price?
e. Is there excess supply or excess demand at $290?
f. What is equilibrium price? How can you tell?