Table 4-1 PRICE $150 $120 $ 90 $ 60 $30 QUANTITY DEMANDED 10 30 50 70 90 QUANTITY SUPPLIED O a. $120 and 30 O b. $150 and 10 Oc. $60 and 20 O d. $90 and 50 110 80 50 20 0 Refer to the table. What would the equilibrium price and quantity be?

Table 4-1 PRICE $150 $120 $ 90 $ 60 $30 QUANTITY DEMANDED 10 30 50 70 90 QUANTITY SUPPLIED O a. $120 and 30 O b. $150 and 10 Oc. $60 and 20 O d. $90 and 50 110 80 50 20 0 Refer to the table. What would the equilibrium price and quantity be?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter3: Demand And Supply

Section: Chapter Questions

Problem 30RQ: How does a price floor 521 above the equilibrium level affect quantity demanded and quantity1...

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Question

Table 4-1
PRICE
$150
$120
$90
$ 60
$ 30
QUANTITY
DEMANDED
10
30
50
70
90
QUANTITY
SUPPLIED
O a. $120 and 30
O b. $150 and 10
OC.
$60 and 20
O d.
$90 and 50
110
80
50
20
0
Refer to the table. What would the equilibrium price and quantity be?
+

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