subject
Mathematics, 18.02.2022 03:40 emmaphillips2

Use the supply and demand schedules below to answer the following questions: Price Quantity Demanded Quantity Supplied
$ 5 100 40
10 85 55
15 70 70
20 55 85
25 40 100

Instructions: Enter your answers as a whole number.

a. What is the market equilibrium price and quantity?

Market equilibrium price: $

Market equilibrium quantity:
units

b. What is the market price if there is a shortage of 30 units?

$
30

c. At a price of $20, the market experiences a
surplus
of
55
units.

ansver
Answers: 2

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