The table contains data on the number of doses of an antihistamine sold per month in a
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The table contains data on the number of doses of an antihistamine sold per month in a small town.
a. To sell 196 doses to customers, what will the price need to be?
b. For stores to be willing to sell 196 doses, what will the price need to be?
c. How many doses will customers want to buy if the price is $2?
d. How many doses will 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? How can you tell?
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